lukx zline trading log + cfabian p.35 + adaseb p.48
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- IN-XS
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Lukx, I thought you said you were going to choose a higher timeframe? I used to play around with the smaller timeframes but found I used to get a lot of false signals and could only get a few pips on each trade. Now the smallest timeframe I use is 1H and this is just for entry, then I use 4H to follow the trade. This has helped me greatly and I have only a small amount of experience.
Try not to become a man of success but rather to become a man of value.
- RicG
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Can't tell by the time on your charts - but you might've been "hit" by the effect of GBP and EUR news that came out this morning. If you're not already checking it - you should always bring up the following link every day and make sure you're not in a trade when news comes out:
http://www.forexfactory.com/calendar.php
Regards,
Ric
http://www.forexfactory.com/calendar.php
Regards,
Ric
lukx wrote:pablo101 wrote:any reason why not to play gu today as I'm being spiked every which way
I feel your pain, same thing :
IN-XS wrote:Lukx, I thought you said you were going to choose a higher timeframe? I used to play around with the smaller timeframes but found I used to get a lot of false signals and could only get a few pips on each trade. Now the smallest timeframe I use is 1H and this is just for entry, then I use 4H to follow the trade. This has helped me greatly and I have only a small amount of experience.
IN-XS I used bigger ones but I checked 5m for entry, hmm maybe you're right I should stick to 1h the lowest even for entries.
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