Simple's Green Room

[simplegreen]

Yep jav...I think one either needs to pick an intraday TF that has nice trends and stick with it or else try to become a student of daily chart and stubbornly trade only the daily or possibly H4.Trends on those TFs can yield a ton of pips but can also be anything but your friend.Seems to me that often you can have a pair that is daily bullish but also have dives amounting to several hundred pips each...in a situation like that you can be right on the trend but blow an acct on the retraces.
Earler I was running strat tester on EUR/NZD and daily chart was clearly trending up but it had retraces to downside of some big pips..heres the way it went for this "bull"

326 down...321 up 329 down..203 up 317 down..509 up 264 down 356 up 271 down!!Now this is a bullish trend but IMO only the banks can say its their friend since they know WHAT theyre gonna do and WHEN theyre gonna do it...that sort of crap can crush a retail trader even if on the "right" side of the trend!