Hi all,
I have been trading the lesson 11 baby pips “so easy its ridiculous system” on 15 minute charts and so far its proved profitable (slightly)
here it is to refresh your memory:
Trading Setup
* Trade on daily chart (swing trading)
* 5 EMA applied to the close
* 10 EMA applied to the close
* Stochastic (10,3,3)
* RSI (14)
it recommends a stop loss at 30 pips, but I feel I would get stopped out all the time if Im trading on daily charts with that stop loss.
Im looking for more profits and less fakeouts, should I trade on the daily chart?, stick to the 15 min?, trade 30 min+? or find a new system??
Any advice more experienced traders could give me would be very welcome.
thanks