Quote from tommymoose:
Thanks for the tips JSS! I see what you're saying, that unless the 1-min starts to show weakness, theres no reason for a hard stop thats too close. Its too liable to get hit by the noise as I just saw. Even leaving my stop at BE would have kept me in that trade.
As long as you are trading off longer term chart with the help of 1 min as a lead you ought to find a way, strategy wise, to make more than lose, it's not THAT complicated. Once a person gets used to removing bias (when an opp shows up against a predominant oscillation) which does prevent from making a short term trade consistency ought to improve.
F it, short 1351.75 off 1 & 2 and hourly obviously
+ wedge there
+ pivotal is an obvious R now
Scaled out +1.75
