Hi rockypoint
I have with great pleasure followed this thread and think that your strategy is great; don't trade ugly charts, price action is king and a minimum of indicators just to provide confluence. Perfect :-)
Now I am looking forward to put in the hard work with a lot of back- and forward testing.
I do have one question though: in regards to TP, how do you handle levels such as round numbers, yesterday's HiLo, ADR etc.? Don't you pay attention to such levels, but rely on price action, or are you taking them into consideration before taking the trade?
Cheers
I have with great pleasure followed this thread and think that your strategy is great; don't trade ugly charts, price action is king and a minimum of indicators just to provide confluence. Perfect :-)
Now I am looking forward to put in the hard work with a lot of back- and forward testing.
I do have one question though: in regards to TP, how do you handle levels such as round numbers, yesterday's HiLo, ADR etc.? Don't you pay attention to such levels, but rely on price action, or are you taking them into consideration before taking the trade?
Cheers