- in next 4 to 8 hours, check the trend line. its best to wait for a trigger.
A) for Time Factored Swing Trigger, I suggest:
1. 15min or lower time frames for entry confirmation.
Entry without confirmation is an aggressive entry and requires an appropriate trade management strategy that takes away the risk asap.
2. proper pip value calculation
3. stop loss. (even for an entry that's 0.5% value of an account size)
*IMPORTANT*
Even with a CORRECT forecast, wrong position sizing, poor timing of entries, incorrect stop loss placement (or no stop loss) will result in trading psychology damage and Risk of Ruin.
A) for Time Factored Swing Trigger, I suggest:
1. 15min or lower time frames for entry confirmation.
Entry without confirmation is an aggressive entry and requires an appropriate trade management strategy that takes away the risk asap.
2. proper pip value calculation
3. stop loss. (even for an entry that's 0.5% value of an account size)
*IMPORTANT*
Even with a CORRECT forecast, wrong position sizing, poor timing of entries, incorrect stop loss placement (or no stop loss) will result in trading psychology damage and Risk of Ruin.
My focus is identifying trading opportunities within the weekly to five-month timeframe, aiming for a profit potential of 700-1000 pips