sfsamperi.blogspot.com

You have to survive

You have to survive
Every day is a battle, survival is rule #1

Thursday, March 18, 2010

now im thinking about only using 1 time frame to look for trade setups in. I was trying to use 3. Im mainly watching 3 day, 2 day and 1 day charts for trade setups but the 3 day and 2 day charts very rarely show a setup.....pretty much never. i seem to do fine finding trade setups in the 1 day time frame so ill just simplify my scanning and drop the bigger two TF's.

This chart of Swiss Franc futures almost made me enter a trade on it for a short but its not "perfect" so i ignored it. I have been tempted into too many "almost there" trades to do it again. Everything looked GREAT for a daily reversal but the weekly trend is not strong yet and there is a pretty solid rising support trendline to top it off, which is probably why the trend is not strong yet.

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