Daily TF Entries

I entered UJ and GJ based on daily TF on Tuesday and Wednesday. I never cross any daily signal before and I thought it was worth to try :) Below are the screenshot. The thing with daily signal is the SL range: it's wider. It was 200 pips for UJ and around 500 pips for GJ. Hence, the quantity were smaller. And because I never done this before, I lower my risk percentage by 50% and the quantity became even smaller. However, I use the other 50%. I added a position for each pair. I closed GJ second position with 259 pips and decided to leave the other three positions for next week.

Okay, if the higher TF signals are more reliable than smaller TF, maybe I have to apply a new rules: avoid 1 hour TF signal if there is (or will be) a signal in 4 hour TF and avoid 4 hour TF signal if there is (or will be) a signal in daily TF.



Daily TF or 1 hour TF?
I still prefer 1 hour because its faster turnover. I haven't done any backtesting to find which of them gave higher return actually. Hmm..okay thats all. Have a nice weekend guys :)