I use the hourly chart for analysis. I consider it the most informative. The waiting period may be different. I keep the deal as long as I am sure that it will give a positive result. If there are signs of a large movement against my position, I decide either to increase the risk or to close the position with a small profit or loss.
good advice mister. If you see my past postings, I have said things like - don't listen to others - or listen to others with ears close anyway, it doesn't bother me what people do to their trades. So instead of ' Look at the bigger picture first', they can / should / must do the opposite / contrary wise things like ' Never look at the bigger picture first' or ' Look at the smaller picture first'. ___________________________
Revision (1) of the forecast № 2 GBPUSD. The forecast for a price decline is still relevant, but an impulse price movement up is possible, so I move the SL higher, increasing the risk.
How about look at what works,? lol. how about some examples of your artistic method? Why suppress other's charted ideas without collateral specific actionable ideas that may be better? Never say never, lol.
That's a no/no. If something changed, then close your position and wait to see what happens. Don't double your risk!
Hi, Basic risk management rules say do not risk more then 2% on each trade. You can decrease deposit risk by decreasing position size (lots). I wish you strong dollar.
It's a little ominous that someone would label their trading journal as a "Women's" trading journal. I mean what's the difference between a man and a woman when it comes to trading? Trading is trading is trading. The market doesn't give a s*** whether the trader is a woman or a man so why would a "woman's" trading journal be different from any other trading journal? To me it's just another trading journal with its own chart-based system. Even though the OP promised she will do some analysis on her trades, so far, I haven't seen any.