DislikedBasically I watch the M1 chart as price arrives into a higher TF level.
Entry is on the close of the M1 rejection bar (pin, doji, beeb)
Stop moves to BE + spread after a few pips. You need a low spread ECN broker for this.
I then aggressively trail my stop behind any swing points or new M1 S&D levels that form and do this until stopped out.Ignored
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- Oct 5, 2012 4:56am Oct 5, 2012 4:56am
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- Post #28,765
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- Edited 3:08pm Oct 7, 2012 2:58pm | Edited 3:08pm
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All systems of divination, like music itself,work through patterns.
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- Oct 11, 2012 12:01pm Oct 11, 2012 12:01pm
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A 1 pip gain is better than a 1 pip loss.
- Post #28,773
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- Oct 15, 2012 6:05pm Oct 15, 2012 6:05pm
- | Membership Revoked | Joined Mar 2010 | 3,853 Posts
All systems of divination, like music itself,work through patterns.
- Post #28,775
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- Oct 16, 2012 6:48am Oct 16, 2012 6:48am
- | Joined Aug 2012 | Status: Member | 2,263 Posts
A 1 pip gain is better than a 1 pip loss.
- Post #28,778
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- Edited Dec 16, 2012 5:09pm Dec 15, 2012 10:51pm | Edited Dec 16, 2012 5:09pm
- Joined Jul 2009 | Status: Member | 5,680 Posts
- Post #28,779
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- Dec 17, 2012 9:14am Dec 17, 2012 9:14am
Charts are limited in nature. The market does not hide, it can not hide.
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- Dec 17, 2012 9:21am Dec 17, 2012 9:21am
Charts are limited in nature. The market does not hide, it can not hide.