Really appreciate your insight on this. I have my 2 cents to add here thanks to all the geniuses who wrote bestselling books on trading techniques and mindset, if you allow me. A lower timeframe can also be used for precise entries and lower stops (bigger positions for the same risk) leading to bigger profit factor. You are absolutely correct that profit factor is what makes the difference in the long run. This is valid of course if you have a decent indicator setup to give you an entry signal on a higher timeframe and then same or different indicators to pinpoint your entries and set your stops after when the higher timeframe signal is received.
Also known as information risk vs price risk. The best trades usually feel terribly uncomfortable when you enter. Trading is all about training yourself to feel comfortable being uncomfortable.
always find yours and etienne's material a must watch. People talk about aha moments in trading but i think its multiple aha moments and you guys share these . Top work ...
Its a good subject of discussion. I have recently started to put limit orders at my supply and demand zones and waiting for price to tag me in and just trust the zones and market structure. Instead of waiting for price to hit my zone and then wait for some kind of engulfing bar or something. Its abit scary and discomfortable and sometimes price just plough through ur zones and u take a smaller stop. But many times u get into such a good price and can often scale out some pretty quickly and reduce ur risk and then have the potential for a bigger trade with runners for HTF targets. Thanks for the video👍🔥
Like the late Dr David Paul taught, put your entries where others are putting their stop losses. Institutional traders need liquidity to enter markets to reduce spread on their large order sizes and that liquidity is your stop loss.
Super nice to see and hear. I'm a new trader and have already been thinking about how I can safely bring my entries down. I'm trying to hone in on when slowing sells and to get in low with a nice small but spacey stop. Entering higher leads to to many stop outs and I was noticing lots of % left on the table. Definitely uncomfortable early on, but I know I'll get more used to it.
Really appreciate your insight on this. I have my 2 cents to add here thanks to all the geniuses who wrote bestselling books on trading techniques and mindset, if you allow me. A lower timeframe can also be used for precise entries and lower stops (bigger positions for the same risk) leading to bigger profit factor. You are absolutely correct that profit factor is what makes the difference in the long run. This is valid of course if you have a decent indicator setup to give you an entry signal on a higher timeframe and then same or different indicators to pinpoint your entries and set your stops after when the higher timeframe signal is received.
Also known as information risk vs price risk. The best trades usually feel terribly uncomfortable when you enter. Trading is all about training yourself to feel comfortable being uncomfortable.
Very well said!
always find yours and etienne's material a must watch. People talk about aha moments in trading but i think its multiple aha moments and you guys share these . Top work ...
Really glad we could help!
Its a good subject of discussion. I have recently started to put limit orders at my supply and demand zones and waiting for price to tag me in and just trust the zones and market structure. Instead of waiting for price to hit my zone and then wait for some kind of engulfing bar or something.
Its abit scary and discomfortable and sometimes price just plough through ur zones and u take a smaller stop. But many times u get into such a good price and can often scale out some pretty quickly and reduce ur risk and then have the potential for a bigger trade with runners for HTF targets.
Thanks for the video👍🔥
worth my TH-cam binge watchlist
Like the late Dr David Paul taught, put your entries where others are putting their stop losses. Institutional traders need liquidity to enter markets to reduce spread on their large order sizes and that liquidity is your stop loss.
Super nice to see and hear. I'm a new trader and have already been thinking about how I can safely bring my entries down. I'm trying to hone in on when slowing sells and to get in low with a nice small but spacey stop. Entering higher leads to to many stop outs and I was noticing lots of % left on the table. Definitely uncomfortable early on, but I know I'll get more used to it.
Thanks Michael! Always appreciate your insight. 🙌
Thanks E good advice
gave some jewels. Always appreciate your appearances
Great video Mike! Thanks!
🔥