I can keep a number of positions open at a time, 3-5 at most, usually. Any more and I have a hard time keeping track of all of them.Originally Posted by ;
I can keep a number of positions open at a time, 3-5 at most, usually. Any more and I have a hard time keeping track of all of them.Originally Posted by ;
It does not really matter whatsoever which time frame you look at, or trade on,
since the market is fractal in nature, and price action is the same on all of the time frames,
you just need to correct your sl and tp to the current time frame you use,
whatever that could be. As a rule, the bigger time frame commends the smaller time frames.
To get a directional bias you need to use the bigger time frame as your guide,
then it's possible to exchange on any of the lower time frames that package your personal risk profile best,
just trade on the time frame you feel most comfortable at. In precisely the exact same time,
be alert to the bigger time frames and what price behavior is there,
what time frames you need to use is a personal thing and what you enjoy best.