This is indeed constructive. This is what I need to develop my trading.
As much as I would love to do that, I find it difficult to follow that rule in S&D. Because the price moves away from the demand or Supply zone very quickly. And by the time the candle closes, you are risking a lot more and your TP has gotten smaller.
However, I do see it very important to wait for a close if we are trading from Downward/upward trendlines, Support and Resistance lines. Will surely try to add that filter.
Agree 100%
I personally am not well studied on the CHF so canāt really comment, but I have heard similar things from @trueman making me vary of the Swiss.
My computer isnāt fully fixed but its good enough for now! Iām only focusing on trades that go with the trend so I may need to wait a few days before my trades hit, but here are my top picks for now. All are on the DAILY:
Hi Trueman, it seems like you are having some good results on the 1 hr timeframe. Do you feel it gets better results than the daily? Iām curious about any thoughts you have on this.
Anyone else trying different timeframes? Iām interested in your thoughts as well. Iām still focusing on the Daily for trades and using the Weekly to determine the trend and Support/Resistance lines.
May I ask everyone who trades using S&D to reply giving an average minimum and maximum number of pips they usually make in 1 month and on what timeframe please. This is to give me some idea of what is usual.
I have been trading S&D for a while now, but I donāt think I am good at it yet, so I donāt think I should answer your question as that provide you a skewed number from a beginner who is still learning the ropes.
Iām in the same boat as R2, Rasc. Iāve been trading on the Daily and in April I made about 100 pips per week. My computer had issues in June so I didnāt make any trades. Iām a beginner and am only now trading on a live account so weāll see how it goes.
hey txs,
booth time frames are great ā¦ i trade them each on a different broker/platformā¦
i think more then ever that patience is the key no matter which tfā¦every tf works the same
one moves faster then the other so just a personal choice of what you prefer
at the moment i like the 1h more
you have to make yourself familiar with set ups which works wellā¦
look at your winning trades ā¦how does the zone looks ā¦?!
if you know how a winning zone looks then you just have to wait until you see the same pattern again
as you know there are zones with high odds of winning
and zones which have no good winning properbilityā¦so keep it simple and take just the "good"ones
( from your point of view)ā¦
for daily tf i think you need a lot more patienceā¦but your targets are a lot bigger
try booth and decide for yourself which one is yours ā¦
