nkhawaja wrote:I think i need some filters too. I see so many 2 pips win but one loss of 10pips wipes it out. I am not considering H1 candle. Sometimes i try to go with H1 and D1, but the combination is very difficult to catch. Started off with $500, went till $550 but then on a loose streak. and came back to $260.
Initially I wasn't paying attention to Stop loss and because of that fact I had some big losses compared to these small pips gains. Need to reconsider my trading.
2009.05.30 RULE OF THUMB: DO NOT REVERSE ON BREAKOUT CANDLES
TRO wrote:The pirates were discussing trading after the market closed. One topic was trading reversals. The general consensus was NOT to enter a reversal on a breakout candle. It's better to let the candle close and then wait to see if price is reversing.
In the first example, you can see price...