In this BO also...
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Looking on a naked chart, can you pick the best strategy? 32 replies
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Trading as naked as you can get 0 replies
DislikedHey Pete... on that last one... how can you tell it wasn't a long BO? cause it went higher 1st....Ignored
DislikedTook the BO long for +30 pips, now looking to go short, I don't like that area of support just below...Ignored
DislikedPeter, you went long there? Corrr you had some luck there for it to come back in your favour after being down I guess? Hw far down would you have let it go before deciding il cut my losses? The fact it came back up is great but it could so have carried on down.....Ignored
Dislikedabout this system, are the rules still the same as in the first page?Ignored
DislikedNot sure what you are talking about, I went long BEFORE the big drop there. see chart...
At that time it looked like a BO upside, and had my TP at the BRN 5900, which did turn out to be a resistance (and a false or short lived BO) but then I was out by then. That's my style... grab 20-30 pips w/each trade. It all adds up...
WHere you cut your losses is up to each trader, the currency pair, your MM style. it is so variable that I can't give a general advice. for quick 1H BO's usually 20-30 pips is the average SL..Ignored
DislikedSorry Peter, I was too busy looking at the first breakout that I completely ignored the second breakout where you have indicated. My apologies.Ignored