Got any ideas?
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Lovelitera
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In general one should be careful going a g a i n s t a swing which has exceeded the lenght of the previous swing in the same direction (upswing vs. previous upswing). This saves one from going against the trend but usually allows one to be in in the swing after a breakout.
One should also look at longer time frames.
Almost invariably when I loose on trades initiated with the 1 minute chart it is because I fail to look at the larger picture (got carried away or busy) which may have actually called for an opposite signal.
One should also look at longer time frames.
Almost invariably when I loose on trades initiated with the 1 minute chart it is because I fail to look at the larger picture (got carried away or busy) which may have actually called for an opposite signal.
What are you using to generate the buy and sell signals? I could not tell from the chart.
The only indicators I find worthwhile are those based on volume.
Instead of price-based indicators, you can just learn to read the chart or the tape.
Check out Woodie's CCI club if you can't stand to part from price based indicators. They claim to have some successful methods and it's free. It was so complicated it turned me off. I do just fine reading the charts alone.
