Tuesday, 31 May 2011
Best intentions didn't last long
I started at 3.18pm and finished at 3.41pm for +2 pips off one sell trade and one buy trade - both of which were just plucked out of the air and not worth talking about again. Ho ever, one thing I would say about my first trade - OANDA hung for a good 7 to 8 seconds after I entered the trade before yellow sell triangle appeared, by then I of course was in cuckoo land.
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Hi, This is a genuine enquiry as I'm trying to understand the rational for using the 1 hour timeframe for short term trades. In effect you are trading movement within the 1 hour candle with no other information to exit the trade. Looking at the trade on a 5 min timescale would have given a more profitable exit.
ReplyDeleteAlso from your previous post - does the Oanda platform cause problems with scalping trades by delaying entry and exit.
All the best.
Millbrook
My trading is based on a course (forextrainingworks) I did – which I’m yet to see work consistently well for me – time will tell. I wouldn’t pay any attention to my recent trades though – they have all been a load of s**t. Regarding OANDA, they have occasionally delayed my entries and exits, but not so often for me to be worried about yet.
ReplyDeleteJas