One of the strongest setups are the ones that are being formed by the dual time frame momentum. By using multiple time frames you will be able to create a high probability setup. Key rule is: Large/High time frame for trend and Small/Low time frame for your entry. Personally I mostly I like to hold short term positions, so I use the daily time frame for the trend...
Hi, This is just a brief description of how I manage my trades. It's important to juggle a few factors in these sort of cases. Firstly, it's best not to mother a trade to much. You need to give it room to breath and keep your stop in a place that isn't going to kick you out to early. If the market is telling you something is potentially wrong, you need to...
MARKET ANALYSIS: The market has broken the huge uptrend channel and now its moving to a sell. Now in the lower time frame we have descending channel formation. We have strong support zone near the market price now. If the support zone is broken we can see a new lower low for a huge shorting opportunity. So lets wait and see what the market does in the coming days. Cheers!