Quote:
Originally Posted by stevefromnaki
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  |
Steve you just might be right about about exiting when the 15m chart is starting to run out of gas. I tried to ride out a nice g/u downswing after reading your post, and gave all of my pips back trying to be patient enough to catch the rest of the wave while watching the 1h chart.....
The indicators ended up switching directions and everythig... So who knows...
At this point I'm at a lost for words.... Hopefully we can figure this out collectively. I could really use some insight on this isue.