Disliked@ stersuhr;
I am posting an IBFx GBPUSD H4 chart and need some clarification in regards to moving the SL. Does price need to take out previous high candle which would show a higher high, ("HH"), to constitute the right setup to move the SL. Or is a higher low, ("HL"), enough?
Edit: #1 checkbox is where I entered long.
TimeFreedomIgnored
Trades using a 4H close of 2,6,10 AM and PM did much better in the last few days. I really dont think in the long term that you using different close times on your 4H chart will hurt you, you just might lose some trades that the room makes money on and you might win on some I lose on. Over time im sure they even out.
Hope this makes sense, if you need further clarification just ask.
-Sterling
Founder of Day Trading Forex Live