Quote:
Originally Posted by storm
Works for me. I'm using the system on 7 JPY crosses looking at 30M and 60M charts then swithching to 5M chart for entry. Doing this is bringing some good positive results with my account going the right way  Need to work on my exits though as this is my weakness.... |
Good thinking, i just read some of the post again and tend to get out too early. Once i am in a trade i work my way up the timeframes as the BB gets hit, but i tend to fall for the psychological trap of looking down the time frames again and close out when the 5 min or 15 min looks like reversing, thus missing out the final parts of the trade on a 30min and 1hour.
Now that i have realised this i will (hopefully) stop doing it. I sometimes find the 5mins chart difficult to interpret with a lot of noise, so try and enter on the 15 min only.
Had a good day today with a down and wave with GBP:JPY, and EUR:JPY.
steve