Main attraction with this type of style is it seems I can fit it in around my day job.
Your friend sounds very talented, I bet he also has time to look at the charts all day? I don’t have that luxury I’m afraid and so that would put me off that style of trading at the moment. That and I think its harder on smaller timeframes?
Anyways took a trade on GPB USD last night, with the DAILY DOWN trend, price action pin bar on 4HR and daily chart and its turned against me.
My mistake I guess is not looking at the closest resistance to the left and looking at the second closest if that makes sense. Also the 4 HR is in uptrend?
Any comments? Still has time to turn around I guess.