:-0
Devilbis
What set up are you using to identify an entry?
A Simple One
I just have 3 timeframes stuck in me head 4 hr/ 1hr/ 15 min
Big picture month (12 sma) week (52 sma, rsi on 5) Day 52 sma.
S & R / opening hour range / I no where pivot points are DOW & FTSE end of day prices used.
Week High & Lows, Day High and Lows, looking for price accepance and rejection at these levels. standard Pivot points R2 & S2 levels. (faster the price action the better) never get best Fill if Im right)
Intra day, old habbits die hard I have 100 ema and sma 20, still have rsi on there set 14
(1 hr 15 min & 3 min) on desktop, use 3 min to judge cycle phase/condition.
but cant think for the life of me why. just comforts me I guess if they are all agreeing with me :cheesy:
Entry 15 min high or low breach at key level, (NOT IN CONGESTED AREA) fast price action, Should be in line with my idea of the long term trend (4hrs) but aware of the above thats it. you gotta use something to get you in. won"t enter around news announcements, if I am in reduce position always.
Today I am biased to short, we are under range, hr lows wont give so will wait for breach if it comes and target last weeks high, exited earlier at 6400 ish.
ahhh just whipped at 12 hour bar, entered full position, exited 2/3 for scratch, looking at 3 mins chart, exited all for 1 point full position loss (descretion exit) in 3 min timeframe. I like position to move in my favour pretty quick or I prefer to pass.
Exits at 1st target 2/3 position let the last 1/3 run, still learning about that bit, Id see splitlink for advice but Iv upset him.
Time I dont like to sit wrong long, I have hard stop (usual 25 points Ftse) soft stop trailing.
Todays lookin a pain so I think Ill walk dogs and bank me 13 points (full position) before I give any more back (it was 18 points earlier)
Just learning to run my profits any advice :?: please anybody :?:
I like the price action to be clean, won"t play and take me bat home if its messy, looks like we are in a holding pattern, will wait for 1st reaction to enter after 13:30 news, if I dont see any value Im gone, it looks like they want to go up to me but cant find a reason. :-0