1 min timeframe, 5 min timeframe and 15mins but towards the end, have tended more toward using larger timeframes like the 4hr, 1hr 30min timeframe so that I dont stay glued to the computer all day long. When it comes to stop losses, size matters. Only move a stop loss to reduce risk or lock in profits. How to set your stop loss in a trending market Whenever I put on a stop loss, I would think of this" Place your stops at a point that, if reached, will reasonably indicate that the trade is wrong. As I said earlier, you want your stop outside of the ATR, so in this case it would be a stop greater than 100 pips, which would have kept you in this trade even after price violated the pin bar low. Once that stop price has been reached, the stop-limit order becomes a limit order to sell the stock at the limit price or better.
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For me, when I want to trade on the hourly chart, I first check the daily chart and also like to see what is happening in the 4hr chart as well to see if I can spot an obvious trend or channel or congestion happening. However, generally speaking, wider stop losses are going to lead to trading success much faster than tighter stop losses. (e) Trade work from home jobs with associates degree management: as trade moves in my favour, I move my stop loss to at least 5 pips above each lower subsequent peaks (lower swing highs). Two commonly utilized methods of stock orders are stop-loss and stop-limit. It may vary slightly based on what market I am trading or what time frame, but overall, every single day and every single trade I know that my stop loss is going to be pretty close to this fixed amount. So in this section, you will learn the 3 types of trends (that most traders are unaware of and the best way to trade each of them.