aliassmith wrote:es/pip wrote:PA wasn't perfect---- i agree
i mean i haven't made 500 pips or anything but i am up an ok amount--- not sure i never count them
i can still see that people refuse to use the 5 min close to tell them to get out and taking there full stop. My 20 pip hard stop is a disaster stop if you will. It is only there to protect me if it just rips on me when i get in, or if a 5 min bar rips against me without giving me a chance to get out at a better price.
MO, Dragon and I rarely take a full stop---- but everyone seems to take them without hesitation.
a 60 pip stop is nonsense----- unless it is built up from profits---like MO was showing
just bec you have a zl doesn't mean you take the trade---- especially after multiple bars
--- again no one wants to look inside for some reason
-- if you are watching a h4 zl from 8 days ago and trading it off that zl directly----- how do you have momo showing you the way? You don't.
no one should be trading gbp/jpy in my opinion---- at least not yet.
----------- trade the pound, the euro or the ej-- preferably the pound or euro to start
i don't understand a majority of the charts( and reasoning) posted
everything that Dragon and i learned is in this thread---- i get the feeling that people have jumped into the thread/discussion without spending the time to learn it and read the thread.
I'll refrain from posting my M5 stuff. Then again maybe I should be looking inside at the M1 to "look inside" the M5
PLEASE do not stop posting your m5 charts....that is how many get into their trades with least amount of draw down. Yes, using the m1 IF you are only trading the m5 for entries and targets MAY help.
Just don't get mesmerized by all the wiggle action. Stay focused on the m5 closed bodies.