Just a word on predictions and the rest of it, i have hourly and longer TF, set ups which provide me with a good general anticipation of where the main direction is going to be for the night.
The things i use to minimize the effect of a directional bias, are small TF's,
like 1 min, or 5 min, so in other words i do have an anticipated set up for the night, but, i try to keep it in the back of my mind, and let the finer TF's give me an opportunity to enter with a small risk.
So if the price action on say the 1 min provide me with an opp. to enter with a longer term view, that would be the trade i'll try to keep going by either minimum risk, or brought to break even as soon as reasonably possible.
I always try to improve my trading skills, predictions or not, if the price action tells me to go long or short, i follow it, and in the end that's what makes the difference....
The things i use to minimize the effect of a directional bias, are small TF's,
like 1 min, or 5 min, so in other words i do have an anticipated set up for the night, but, i try to keep it in the back of my mind, and let the finer TF's give me an opportunity to enter with a small risk.
So if the price action on say the 1 min provide me with an opp. to enter with a longer term view, that would be the trade i'll try to keep going by either minimum risk, or brought to break even as soon as reasonably possible.
I always try to improve my trading skills, predictions or not, if the price action tells me to go long or short, i follow it, and in the end that's what makes the difference....
