pierre23 wrote:es/pip wrote:MightyOne wrote:es/pip wrote:amendment to my rules
sometimes i may trade whatever time frame that i want to
currently in this one
the only thing that i am not use to is now my stops are very large----lol but i will get use to it
If you are using large stops then you are totally defeating the purpose of trading a small time frame.
edit------saying that as my wins increase my stop size increases
hmmmmmm i thought the idea was to add our pl to our stops to increase our staying power
when is that strategy applied
now that i say that---- i have a feeling that you are using that strategy when trading LARGE time frames
i may have misunderstood this strategy for the 2nd time----the last time---well we all know how i interpreted it
I think he thought that you meant you were talking about your initial sl on the trade. I thought you were talking about that too. After adding your profit to your sl your risk % always stays the same, so look at it that way. No matter what timeframe it's giving you longer staying power, so I don't think it's jst for high timeframes
You are correct...
and by "high" I mean H1+
My "high" is 8 hours or more, but that is only because I am more inclined to trade for longer durations.