Just want to add my two cents.
The lower the TF the more discipline a trader needs.
I don't trade low noisy TF .. but i got to confess that i like looking at them (15min) 'cause they are fascinating .. don't know why, maybe because of the FX dream of taking xxx amount of $$ out everyday of the market is hard to get rid of.
However i think that when you daytrade you have to necessarily have an orientation of where the price is, such as a soccer match ... in which part of the field the ball is? .. is it in yours ... so should i defend? ... attack? ...
So where did the price close during UK session? or NY session?
Maybe looking it this way would help much better than an indicator.
Good trading.
giuseppe
The lower the TF the more discipline a trader needs.
I don't trade low noisy TF .. but i got to confess that i like looking at them (15min) 'cause they are fascinating .. don't know why, maybe because of the FX dream of taking xxx amount of $$ out everyday of the market is hard to get rid of.
However i think that when you daytrade you have to necessarily have an orientation of where the price is, such as a soccer match ... in which part of the field the ball is? .. is it in yours ... so should i defend? ... attack? ...
So where did the price close during UK session? or NY session?
Maybe looking it this way would help much better than an indicator.
Good trading.
giuseppe