I would have missed a nice 7 point gain today if I forced myself to wait until 8:30am to enter. I have realized that was a pointless restriction. I enter based the hourly chart so that is why 8am is important to me.
Ok, now i really feel like it has come together, not only to keep losses small when I lose, but also to increase the odds of having the correct direction, plus I should still get a good price for my entries.
Hourly S/R lines, usually a channel or triangle.
Use first S/R line that is tested after 8am.
Enter after 8 am on 5 min chart, exit using trailing pivots.
No comments:
Post a Comment