Quoting mrkamDislikedCan any of you suggest stop loss placements with this system? As you all know, this is vital to proper R/R analysis and money management. I know Mouteki mentioned this is coming... but... any ideas? Can't really trade without it...
Place at "X" number of pips above/below trendline value at entry bar?
Place at upper/lower value of vertical line bar?
Fixed 25pips for GBP?
Very interested to see the recommended stop strategy for this system.....Ignored
Or, if you have any other method that tells you where supports and resistances are, I would locate one right above or below the trend line and use that point as the S/L depending on which side you are on.
Another method I can think of right now is using 50%, or whatever you are comfortable with, of target pips as S/L, if you are a little lazy.