DislikedHi Rookie, I'm not an expert, like Aus, it's his strategy, but I had looked at it extensively for the past several weeks and you argument holds water. Keep in mind though, we don't know if this is a correction or a short term top that we saw yesterday and a reversal, without looking at all of the indicators if we push through 240.21, then I'd be really concerned that this is just a pullback, your reasoning to go long on the current time frame is correct, but what would be your reasonable stop loss and what would be your target, knowing current levels, a good long would of been around 238, excellent RR, right now it is a shot in the dark. Just my opinion, hope this helps.Ignored
Thanks for the comments. Yeap, I'm tryg to learn Aus' strategy too but my greatest weakness is not knowing how to project where the profit should be.
I've been relying on Fibs and resistances and support for now and they don't seem to be as good. Which indicator do you use?
I've on the MT4 platform by the way. Thank you for your time
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