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Re: Ticks
For some reason, I do worse using 1 minute time frame, whether that be ticks or price. All those tick hooks, no idea which one to take and be consistant.
I find that 5 minutes gives me a good idea of the overall situation which may lead to a larger move. Had I not called it a day after 4 trades, I don't know if I would have caught the move lower.
The ER2 was giving hints about a lower market as I was watching it out the corner of my eye so to speak. That is besides the point with hind site trading.
Its when this "larger" move does not happen that messes me up mentally, especially when I see a price/tick divergence and I am long. Train of thought, exit the whole position, or exit half and let the other half ride and have a BE stop.
That is something I seriously need to do is sit down and come up with a plan which I can follow day in day out.
I have a habbit of wanthing to trade.
I've gotten over the hard part of trading which is the psychological part, now I need to figure out the plan I need to implement.
I got all night to think about this while at work...yeah, it sucks but I need to pay my dues. *sigh*
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