Trading Daily & 4 Hour Charts Using Extremely Simplified Money Management Technique
- Thread starter JSSPMK
- Start date
Quote from G-Boa:
very nice JSSPMK!!
you plan on letting it run till 11800 right?? (either that or get stopped back down below, hopefully not).
really smooth play by play
TY! Markets will always go up & always go down, to have the daily chart's range expansion probability on your side means that eventually a day will come when price pulls away from yet another buy zone, so it doesn't matter if stopped 10 times or even 20 as in light of possible reward these losses are small. ImPO the key is to buy near intraday reaction lows, but not using 1 minute chart, but to use something like 15 minute one. See where price settles & bounces, then most likely there will be a re-test & as long as I see strengthening histo on shorter term charts then I am in.
Markets never just go down, there are retracements & reversals, so we'll see what's on offer, I would like to get about 500 points eventually.
yeah, that histo backed it up like out of a text book. just a really good trade!!
what are your thoughts now that this trade is flying?? you done for the day/week/next opportunity or you gonna focus on smaller trend trades up to 11800 (if we go up to 11800 - markets DO go up and down, lol!!).
what are your thoughts now that this trade is flying?? you done for the day/week/next opportunity or you gonna focus on smaller trend trades up to 11800 (if we go up to 11800 - markets DO go up and down, lol!!).