just to check my understanding is correct on using this method
1) choose a TF.
2) see if trend is up or down
3) open a trade in the direction
4) SL 40 -50
5) if hit, wait till it goes beyond by another 30pips at least
6) put order at the exact spot u got SL
correct?
Qns
1) What if the price never comes back down. IE trend reversal
2) What if the price activates order but hits SL again?
thanks !
1) choose a TF.
2) see if trend is up or down
3) open a trade in the direction
4) SL 40 -50
5) if hit, wait till it goes beyond by another 30pips at least
6) put order at the exact spot u got SL
correct?
Qns
1) What if the price never comes back down. IE trend reversal
2) What if the price activates order but hits SL again?
thanks !