Hey guys and gals!
I have been trading for quite a long time most of the time in H1-H4 charts… But a few months ago me and my trading buddy had this crazy idea running trough our minds:
We risk 1,5 – 2%
Stop loss of 40-60 pips
Risk/Reward of 2:1
So in average we need to make trades of 80-120 pips to reach our goal: 4% per trade
Now this is the idea we had:
What is easier for the price and our psychology, move 80-120 pips or 20-30 pips??
20-30 pips right?
What if instead of trading swings in H1-H4 charts we use the same technique to trade the M5-M15 charts… the stop loss would be smaller 10-15 pips and our target would still be 2:1 (20-30 pips) we would still make 4% although we would need less pips or smaller market movements…
I was a little septical about this, you know most people say that smaller timeframes are “noisy”… but I’m not so shore of that anymore.
I will share with you some of the set up I saw daily in the last days… all of them low risk/high reward:
(it’s the same thing I used to do in H4 just, I just changed the entry, now I focus on order flow and search some candlestick “patterns” for confirmation)
Does anybody trade this kind of setups?
Because I really believe that if I could trade those set ups in a constant basis my account would grow dramatically…
I’m still testing out this whole thing, let me know what you guys think of it!
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