Friday, November 16, 2012

Trading with hindsight

Penrice (?) said that it would have been easy to watch 2 charts on slow nights. 

The 15 minute chart should be up at most times,(no, I don't have that too often) but it shouldn't be checked for trends, rather for its own trades. It follows the same rules as TWADJ does... 
(Remember that a trade on 5 min can contradict a trade on 15 min. Trend-variations happen on 5 min charts first.) 

The problem is that the candles are a bit bigger and thus also the SL. Always go for a 1:1 ratio. That's the best recommendation I've gotten... 

With hindsight one could have taken this Extra TWADJ trade today. 


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