Bonus Tip: I also discovered that
longer trading timeframes greatly reduced the inherent STRESS of being a professional trader.
Not exact matches
Look for the
longer timeframes if they are available, but do not stretch the expiry out more than to the end of the
trading day.
The sad thing is, this knowledge has been in me for a
long time, and I have let it slip away to the more trivial (ie lower
timeframes for day
trading) You have truly re opened my eyes to focusing on the higher time frames and focusing on your price action strategies.
Thanks Nial, I can honestly say that since
trading your price action stategy, it has turned my
trading around.Gone are the stochastics and macds, just clean charts now, and I'm able to read the price action much better.I just have to now discipline myself to use
longer timeframes for set ups, and 5 minute only for entry and exits.
The strategies that you have shared look great but just wondering how am i going to monitor the pattern formation since it is suitable to
trade in a
longer timeframe?
The sad thing is, this knowledge has been in me for a
long time, and I have let it slip away to the more trivial (ie lower
timeframes for day
trading) You have truly re opened my eyes to focusing on the higher time frames and focusing on your price action strategies.
Thanks Nial, I can honestly say that since
trading your price action stategy, it has turned my
trading around.Gone are the stochastics and macds, just clean charts now, and I'm able to read the price action much better.I just have to now discipline myself to use
longer timeframes for set ups, and 5 minute only for entry and exits.
Some of these
trades could do even better in a slightly
longer timeframe.
BTC / USD is currently
trading at $ 8,623 with downside bias both on the intraday level and on
longer - term
timeframes.
BTC / USD is
trading around $ 9,000 pivot with no clear downside bias visible either on intraday or
long - term
timeframes.