Soalan 1: Hello Strat, I like your idea of trading around swing points of resistance and support.....i have been doing similar thing lately.i take points off the 4hr chart which are basically the previous high, low and pivot of previous week....
But a caution and a question,
price tends to hover around this points for awhile before finally making a move which could be really huge........the question part, how do we determine when to trade at this point with less whipsaws?
your opinion will be highly appreciated.
Answer: If you are getting whipsawed on H4 then move up a time frame which will keep you out until the momentum is in the direction of your trade.
I'm not looking to get in at the top or bottom - I just want the "meat" in the middle of a trend - this is the safest with the lowest risk.
But a caution and a question,
price tends to hover around this points for awhile before finally making a move which could be really huge........the question part, how do we determine when to trade at this point with less whipsaws?
your opinion will be highly appreciated.
Answer: If you are getting whipsawed on H4 then move up a time frame which will keep you out until the momentum is in the direction of your trade.
I'm not looking to get in at the top or bottom - I just want the "meat" in the middle of a trend - this is the safest with the lowest risk.
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