Joined: Sat Jan 08, 2011 6:21 pm
Location: Gold Coast Australia
Hi everyone, and hopelully Loz if you get to see this i would like to no what you think.......
here during the london hrs (as far as im aware) i spoted what i thought was the cross hair cashier set up on a 15m chart and it had hit a support level. i waited for 2 candle confirmation and entered on market order placed TP and SL levels.
but unfortunately as you can see from the pic it went against me lol im wondering whether
1. was this actualy the patern ( or did i mess something up) 2. is the 15 m a good time frame to trade? 3. i seem to make som cash (demo acc) then lose it back to break even since my stops tend to wipe out a couple of trades worth of pips and since im not that good, losses tend to happen every two or so trades lol......
Any suggestions Ideas and Hints tips etc Welcome Thnks guys
its easier if you tried higher time frames, i suggested 15 min tf's to get guys in the habbit of finding and acting on them... then once they get the gist of it, to use it on higher time frames... BUT BUT BUT... cross hairs /doji's dont always come through, they are not 100% reliant, they are to be used as extra info, and use other indicators to make an informed decision, there were other indicators on your chart that suggested to stay short.