Dislikedanyway, do don't make ur chart fanciful with too many lines or indicators. Mb u will agree with my opinion 1-2 years later. Make it clean, neutral, and do learn and understanding about trading hours, market volatility.
limits are against trend, sell buy stop are prediction of strong trend. Why don't u try. one account based on limits, one based on buy sell stops breakout. and see whats the both results. In a way ur hedged, as you are learning, u should be have possibility of 2 outcome. If i am learning, i don't even think of making money, as...Ignored
I guess you would be right, within a few years, I may only have 1 fib level open and nothing else. But as of now, I prefer scalping.
I'm not familiar with how trends work and stuff nor the terminology like buy limit and stops. Could you explain them? So stops are basically where you exit a position? Or something like that?
I'm actually only looking 100 pips because I will be trailing it. I tend to be at my computer most of the time so I can see what happens. But that would also be my downfall. Right now I'm trying my best to see what's the best way for me to trade with minimum screen time and maximum results. Well, pretty sure everyone wants that. But different people still have different views and opinions and ways of trading.
A 1 pip gain is better than a 1 pip loss.