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Posted

Re: How much time did u spend waiting for signal everyday

 

With swing trades.. all day sometimes... those days feel worse than the days i lose i think.

Posted

Re: How much time did u spend waiting for signal everyday

 

I am trading on a 5m tf, with reference to daily, 60m and 15m tf.

 

usually wait about 15 to 30 min. with 10 to 15 pips as 1st tp.

Posted

Re: How much time did u spend waiting for signal everyday

 

I feel like I spend way too much time looking at my charts period. I wish I was disciplined enough to just take 10-20 pips per day and walk away. If you make 10-20 pips a day at about 2% risk you can easily bank 10% return per month. I know most are looking for that 100% per month - put 10% is still better than most hedge fund money.

 

I prefer to use support and resistance channels - always trading in the direction of the channel. Easy get 10-20 pips per day during the active sessions. I have found that I end up losing during the quiet market as sometimes strange break outs or reversals occur.

 

-B

Posted

Re: How much time did u spend waiting for signal everyday

 

2 hour per session..mean 6 hour a day.. luckily if i got more than 10pip per season.. :)

Posted

Re: How much time did u spend waiting for signal everyday

 

'Patience is a Virtue' is never more than with trading, most trader lose because the try and find signals which are not there and rush into a trade prematurely. I often have to sit and wait for over two hours waiting for trade and at times this can be very difficult. Most of my losses are due to the fact that I either rush into a trade which has not developed or just takes trades which simply do not match my rules. Although over time I have mastered this and to any newbie this must be mastered before they will ever make any money.

 

Cheers

scouseman

Posted

Re: How much time did u spend waiting for signal everyday

 

Depend on Chart time frame. If I use H4 , every 4hours I check the chart whether have signal or not.

Posted

Re: How much time did u spend waiting for signal everyday

 

I usually code the trading in MT4 to send me a email when signals are triggered. Then I log on to check the signal validity.

Posted

Re: How much time did u spend waiting for signal everyday

 

how much time u spend is really depend on what strategy you use. some can trade for whole day but some just spend few minutes per day. for me, i just spend about 20 min per day coz still got other job to do beside trading.

Posted

Re: How much time did u spend waiting for signal everyday

 

I do not usually scalp, then I normally use timeframe 15 min with 1h signal confermation sometime to enter in the arena. I can wait from few minutes till some hours. Patience is one of the most important component to survive in the trading.

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