This is a trader question from the Fibonacci Trading Forum.
Trading smaller time-frames for a larger time-frame gives me the most difficulty. It sometimes works out for proper entry but real problem is I’ll keep watching the smaller TF and get lost in the squiggles of the market.
Once you have your trade entry, and your stop-loss is in place do something else! Your success depends on executing your trading plan, not on entertaining yourself with the small market swings.
Your trading plan does not allow for fiddling with every twitch of the market.
Here are some suggestions..
Go for a walk, mow the lawn, ride your bike, do something productive, or look for another trade setup. The more trade setups you find, the more you can trade, so don’t get over-committed to just one position.. The more trades you have that conform to your trading plan, the better your result will be, the more you can profit.
-Neal (FOREX Fibonacci Trading)