DislikedGBPUSD charts: {image} {image} {image} Note: On D1 chart I have one open buy positions. When market retraces with the WRB High-Low, I will build more positions with 0.2% risk each and up to maximum 5 positions (1% total risk) with technical SL below the WRB Low. Should the breakouk happens before deep retracement, I will scale-in position above the WRB High. Let see how this pair will run this week. I will provide my trade update when I have time. Have a good trading week folks, make good pips!Ignored
Just two quick questions, I would like to ask :
1. During the retracement, does the SL of position 2~4 have to be the same as the position 1?
for example I setup 1.54440 as SL (under WRB Low) , then when I build positon2,3, or 4, should their SL be the same?
2. If it doesn't retrace and goes up, what are the next criteria to be based upon for building new position?
Should we change SL from below the WRB LOW to a new SL under a new support line?
Best regards,
Steven
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