As a reply to post 358,
Since the time frame is very limited, and the trades are based on 1hr trends, I'd say SL at the low of the previous hour would make sense. Especially if the systems is not paying attention to longer time frame support/resistance levels. As a way to protect yourself if a big move happens before the hour ends.
Since the time frame is very limited, and the trades are based on 1hr trends, I'd say SL at the low of the previous hour would make sense. Especially if the systems is not paying attention to longer time frame support/resistance levels. As a way to protect yourself if a big move happens before the hour ends.