DislikedFirst I wanna tell u that I named my little Girl Guevara, I respect this man.
What you explained Im doing, But I rarley use technical. Please read my previous post to get my pointIgnored
For example I have short in euro from 1.2320, now if I have to add to that short I'll do at 1.2271 to 1.2294 (38.2% fibo to 61.8% fibo) of today's move.
if it crosses above 1.2294 I'll be cautious. get out at BE and wait fro upward move to fade before jumping in again.
I use 20 EMA on every TF and TFs I normally observe are Daily, 4H (for trend) and 1H, 15M (for entry/exit), 5M for scalping.
to me 20-40 pips is scalping and 100-200 pips is decent profit. I was doing only scalping before joining EurAnalysis. Best advice would be visit EurAnalysis daily. Look closely at charts posted by PT, FXSwissTrader, Cgb, Tom_D_Trader (he rarely do), commentary by wulfgar, and listen to Doc with both ears opened.