Dislikedan example of this occured in the last few hours...we had a high of 2812 yesterday and then she dropped down to 2687 early in the asian session...an astute trader that missed a move may have set up a limit sell order at 2750 (round #/50RT) and picked up a position that had no draw down at all and is already guaranteed to be a green trade...
that may be more aggressive than what jacko would advise, but it has worked for me...
bottom line: trading with the trend and using jacko's ah method takes a lot of pressure off of entries...
just my 2...Ignored
I have been following your posts keenly and u sound so confident concerning how you pick entries. Secondly, what TFs do you particularly trade cos you said you can alaways catch other entries on smaller Tfs wit round#/50% fib. i just want to know how you trade. Even using asian time, london time etc to know what might trigger the market is a herculean task for me as i dont even know the times. i would appreciate it if you can post your entry point before or after you make your trades so i can atleat compare them with mine to see if am following. i think the best thing for learners is to follow the big boys in the forum cause the have it all. finally how does TSl work? someone once said if am not connected, it will not update since it is controlled by the platform and not your broker.
thanks
Regards,
Quest4pips.... Patience matters a lot here