Yes, this is a dilemma. So far I've just been leaving the stop order alone and not changing it to the newest candle that just closed. Maybe it's just the market right now, or maybe I'm not placing my orders far enough away from the high/low, but so far on the 1hr timeframe I haven't had very good results with gbp/jpy. The spread is 6 pips, so I am placing my stop orders 10-12 pips away from the high/low, do you think this is too close?
Also, I have pretty much come to the conclusion that there is no way I can trade off the 1hr timeframes for a long period of time. First of all, when am I supposed to sleep?
I don't think I can set alerts with oanda, and even if I could, I really don't want to be waking up in the middle of the night to look at charts, especially when I have class the next day. Even the 3 or 4hr charts wouldn't work for me because I would miss at least one or two candles during the night. I have to ask you: how do you deal with this problem? For now I might have to stick with trading off the daily charts, which seems to be fine for the TBP and volatility systems, but I believe you said earlier that the SI seemed to work better for you on the 1hr charts, do you think it would still be worthwhile and profitable if I just stuck to the daily charts?
One more thing, how is that business with GCI going? I want to switch over to trading the "good stuff" and leave these stupid forex pairs alone, in a few weeks I should have close to $1,000 I could open an account with, but I want to trade the commodities obviously so I was wondering if they would let me open an account with this amount?
I also entered that short gold volatility trade today, we'll see what happens...