Session: New York
Duration: 3 minutes.
Technical: Moving average, fibonacci.
Strategy: Tapped and closed well below 100 SMA, fibonacci as stop-loss.
To some, it might appear to be some superficial reasons to take my kind of trade base on my strategy, but thats what's been making me a little bit money. But i guess using this method, the most important thing is to know when u wan to go in, and when u wan to go out. Often times, i tell myself to get out by 5 pips but greed caught me and my profit end up ticking off instead. This can be corrected easily, unlike if u were to close a floating loss - not able to accept it some times still means u have to accept, at a greater loss.