Music Man
Corporal
- Messages
- 91
I usually work the shorter TFs, but this morning I was influenced by comparing the TFs and seeing that the H4 chart seemed less random, as I have read many times in forums. So, I thought I would give it a try. And yes, I agree that my entry and exit were sloppy and imprecise. As I said... just happy for the win.
Price-action wise, I have Parabolic SAR, AC and AO up, along with BB. What I have noted is that the market sometimes moves counter to these indicators, particularly at the shorter timeframes. That's been a little annoying, but I guess if it were that easy, we'd all be ultra-liquid by now.
BTW, I have been trying your advice about setting the SL just beyond my entry + spread as soon as possible. It does feel nice, but I am obviously not picking the right trendy kind of moments to play, as the recent ranging markets tend to reverse quickly and trip the stop -- in the profit, but not optimally. Then, continuing action inspires a new enter-monitor-SL reset-stop cycle... not too different than my normal pattern.
I'm thinking that longer TFs might be better for this. Or, maybe I just need to give it more time before resetting the SL.
MM
Price-action wise, I have Parabolic SAR, AC and AO up, along with BB. What I have noted is that the market sometimes moves counter to these indicators, particularly at the shorter timeframes. That's been a little annoying, but I guess if it were that easy, we'd all be ultra-liquid by now.
BTW, I have been trying your advice about setting the SL just beyond my entry + spread as soon as possible. It does feel nice, but I am obviously not picking the right trendy kind of moments to play, as the recent ranging markets tend to reverse quickly and trip the stop -- in the profit, but not optimally. Then, continuing action inspires a new enter-monitor-SL reset-stop cycle... not too different than my normal pattern.
I'm thinking that longer TFs might be better for this. Or, maybe I just need to give it more time before resetting the SL.
MM