BLO = BUY LIMIT ORDER ITF = INTERMEDIATE TIME FRAME SLO = SELL LIMIT ORDER TP = TAKE PROFIT
NOTE: Because there is an opportunity for more immediate paychecks, I've decided to provide the daytrade view to combat the long term trade I just posted, which will take some time to play out. This not so much. Quicker profits and less wait... depending on the strategy. Either way, just sharing what I'm doing.
Intermediate time frames (4 hours to 6 day):
— Offer a clearer picture of the underlying trend compared to short-term frames. — Provide more opportunities for confirmation signals and technical analysis. — Allow for more flexible trading schedules, trades can be held overnight. — Suitable for swing traders and some positional traders.
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