bredin wrote:I think that adding positions is better done on higher tfs than the entry...
any other opinions?
G.
I'm starting to think that adding positions on a higher tf is safer, but staying within the same timeframe allows you to see more of the previous congestion areas, which are the hurdles future price must jump over to make adding positions more profitable. This would allow you an earlier entry on adding positions.
If you switch to a higher timeframe, your next possible 'add position' focus point could be +100 pips away, at that type of gain you have a few extra pips to flush down the toilet if you are wrong.