Exactly, so if the market is generally up, there's no higher timeframe line above, not even on the weekly, you're above an H4 line, why on earth is the trade to take the short one and then lo and behold the H4 line breaks ?
There's always a reason
even if the reason is just that they want more orders
post a chart
It's very difficult to imagine what you're talking about
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne
Im glad you ended up...but when your up that far, take it!
I drew a line on the chart for the last long zline....
This remains valid until something closes lower than that.
All short trades above that are retrace trades.
That line held, so you trade long away from that held line!
FXfreak wrote:i just show my losers from today...
i was up+50 but ended with +10
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It always takes Momentum to break Momentum! "A small loss is just as satisfying as a large gain" -MO "Sometimes we need to stop learning and start thinking...." "Once you stack, you'll never go back!"
Better yet, there are no short zlines above that long zline even.
So just go long below the ema!
It always takes Momentum to break Momentum! "A small loss is just as satisfying as a large gain" -MO "Sometimes we need to stop learning and start thinking...." "Once you stack, you'll never go back!"
This is what I mean... using just one time frame... 1hr
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It always takes Momentum to break Momentum! "A small loss is just as satisfying as a large gain" -MO "Sometimes we need to stop learning and start thinking...." "Once you stack, you'll never go back!"
I understand.. and you could very well be right. But unless your planning on taking a huge drawdown, the weekly as a bias, or even the daily is more than 5 times the entry timeframe. On a 15 min chart price can move 100 pips up and down and look like a fleck on the weekly and daily.
To trade a daily, and without even looking I would not attempt it on anything less than a 5 hr (5*5=25)(24 hrs in a day)This is exactly why I dont trade above the 4hr.
It always takes Momentum to break Momentum! "A small loss is just as satisfying as a large gain" -MO "Sometimes we need to stop learning and start thinking...." "Once you stack, you'll never go back!"