Pharaoh
Brigadier General
- Messages
- 20,304
After looking at my technical trades for the last 2 weeks, I have developed a new strategy that should guarantee significant profits.
1. I look at the trends on the 1 hour chart.
2. Check 4 hour and daily charts to make sure I'm not trading against a larger trend.
3. Check 15 and 30 minute charts to make sure the trend isn't showing signs of reversing.
4. Carefully plan my trade to run with the trend, setting reasonable stoploss and take profit numbers.
5. (This is the REALLY IMPORTANT PART). Do the exact opposite of what I planned.
I think I'll hide under my desk and cry now.
1. I look at the trends on the 1 hour chart.
2. Check 4 hour and daily charts to make sure I'm not trading against a larger trend.
3. Check 15 and 30 minute charts to make sure the trend isn't showing signs of reversing.
4. Carefully plan my trade to run with the trend, setting reasonable stoploss and take profit numbers.
5. (This is the REALLY IMPORTANT PART). Do the exact opposite of what I planned.
I think I'll hide under my desk and cry now.