Regarding timeframes. I personally feel the 4 hour time frame is the best for me. Its big enough, and allows me to put S/L out far enough, to not get constantly triggered by every little thing that happens.
The 4 hour time frame also lets me actually trade every day. Where as the daily or weekly charts.... I might not be trading but a few times a month.
Also, the 4 hour lets me set entry points, and then only adjust those entry or S/L points, every 4 hours. So... I don't need to be glued to my computer.
I'll even go so far to set a limit out around 50-60 pips from my entry point, based on the parabolic dot, and I'm not to concerned, I've "missed the boat" as far as profits go.
I'd rather take 50-60 pip profits, then keep adjusting my S/L based on how the parabolic dot moves, with the hope of some BIG explosive trend.
In baseball terms, I'm looking for singles and doubles. If the long ball happens, it happens.
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