Hi, what is the probability of you entering a trade and the price immediately bounce off in the opposite direction when you entered?
So far, it has been happening more than 70% of the time on a 5m tf.
I'm thinking if it would be better if we set an entry target and enter 5 pips above that after the price bounce in order to reduce risk.
Your thoughts?
So far, it has been happening more than 70% of the time on a 5m tf.
I'm thinking if it would be better if we set an entry target and enter 5 pips above that after the price bounce in order to reduce risk.
Your thoughts?