Thanks for feedback, I also use pivots to set TP or SL, but today I ignored that weekly pivot line. If I would have set SL a few pips above that line, the risk now was only around 40 pips, much better. I wonder for an example like this situation, putting SL at that pivot line is a wise decision in order to decrease risk (does this mix in a bad way with 4h system ?) or given the volatility of the market should the price have more space to breathe. I wonder what Philip would say about this.
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Rhythm, Motion, Emotion and Risk Reward.
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Rhythm, Motion, Emotion and Risk Reward.
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