Hey Rick, Don't get me wrong, I'm not critical of your time frame you are trading. I started off
hitting the lower time frames and the stress and time spent wasn't worth the effort.
It was change that lifestyle or give Forex away.
Now I do OK, only because I trade the one strategy, if a possible entry shows on any Pairs I
watch I take the trade. No second guessing usually, S/L... T/P... Position Size and let the
trade run it's course.
Because my S/Ls run at between 50 and 100 pips, it doesn't suit everyone to trade like this.
I know exactly what I will lose on every trade and this lets me relax and have a stress free
lifestyle. The best part is I use 1:100 leverage, but even with 9 open trades at an average of
.7 Lot size, my actual leverage is way lower.
I'm more of a boat person, so it may take me longer to get there. It doesn't really matter
who is right or wrong, as long as we all make money. Because this is one hard game that
will chew up the ones who follow blindly on any Forum, who don't bother to test any
strategy before trading it.
Now I like Martins H&S on lower timeframes. Never thought of trading any under Daily
or 4H. Don't like his MAs but hey it's his strategy. Will manually backtest it on the lower
time frames like you use, to see if it throws up a larger number of trades and whether they
are viable with just PA off neckline. It will only be a small sample during Asian session
on Monday so will be of little benefit to London and US session traders.
