from what i understand the daily and weekly pin bars which is what i look ! are more reliable on the longer timeframes
the stop is normally the highest point of the pin bar, so why do you need to over complicate things for yourself by looking at noise to make decisions ?
My trading has only started to really work out since
1. I got rid of those stupid indicators
2. Only looked to trade pin bars
3. Only look at Daily and weekly time frames
Its a lesson to be learnt in itself, but most people loose because they have to be in the market all the time, making excuses to take trades, what they dont realise is that every trade you take your risking money.
the smarter guys all know that most of the time your either out of the market altogether waiting for a class A pin bar / set up, or your holding a trade you took, until you have a reason to close!
I hope that helps answer part of your question
you only have to look at why there are so many loosers (high 90% ish) and then figure out what are the winners doing that is so different.
N
