Thursday, November 28, 2013
Trade Less, Earn More.
The lesser you trade, the more you earn. Choose those with the best everything - risk reward, probability etc. Imagine earning 1:5 r:r with the best probability.
Friday, November 8, 2013
Post-entry choppiness in smaller timeframes
When after entering a smaller timeframe trade, price starts to consolidate or chop for an extended period of time, it is best to just close out the trade because it is quite probable that volatility would hit you anytime.
Smaller timeframes
One should not trade smaller timeframes than the daily one, as there is increased volatility. Volatility can suddenly occur and stop out your trade prematurely. Therefore, one should only enter smaller timeframes on a volatile signal candle ie when price range of candle suddenly widens a lot
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