pangufx
just curious, how did you come up with the idea of this system ?
also, your sl and tp rules still appear vague to me. when would you have a tp of 10 pips as opposed to a tp of15 pips and why ?
current 4hr eu showed an up move of over 81 pips. so a short should be entered at the close of the current 30m candle. and of course 2 pips below the low of that candle. right ?
the issue here would be the sl again.
you state the sl should be 15 pips above the high of that 30 min candle. but that 30 min candle is already 25 pips in length. adding another 15 pips will give you a sl of 40 pips. is that right ? you will be risking 40 pips just to make 10-15 pips.
just curious, how did you come up with the idea of this system ?
also, your sl and tp rules still appear vague to me. when would you have a tp of 10 pips as opposed to a tp of15 pips and why ?
current 4hr eu showed an up move of over 81 pips. so a short should be entered at the close of the current 30m candle. and of course 2 pips below the low of that candle. right ?
the issue here would be the sl again.
you state the sl should be 15 pips above the high of that 30 min candle. but that 30 min candle is already 25 pips in length. adding another 15 pips will give you a sl of 40 pips. is that right ? you will be risking 40 pips just to make 10-15 pips.