5 criteria triggerpoint Buy Low Sell High method is an excellent that could be the gamechanger for my current trading method.
However, the recommended timeframe has been h1 and in recent weeks I have been tinkering with a finetuning on m15 channel.
In several trades this had worked out to be fine but this weeks’s trade on GBPNZD and NZDUSD
had identified some conceptual pitfall in this finetuning strategy.
So this was the pitfall that I will be facing nowadays when deciding to finetune in m15.
the trade that looks silly on hindsight. Trade what I see , not trade how I want it to be seen.
finetuning can be an excellent way to mitigate risk in a trade.
For finetuning to succeed in my unique case, this is what I need to do:
1. h1 channel must be apparent first.
2. only then can m15 channel be considered.
3. for h4 channel, i,e h1 channel with more than 10-15 days,
a h1 channel finetuning is a MUST.