Hi Richard,
Thanks for contributing some more It is a great strategy to move your stop based on the opposite fractal that was formed. I'll try your approach. But I would also put pending order on the buy fractal, so whenever my stop loss hit..I will on the go with the market.
I found that my way of putting pending order on the stoploss (only if the fractal is valid) could give you loser trades sometimes especially ranging market as what happened to me this week. I trade GBPJPY with hourly chart. Would you have any suggestion about this?
Happy trading,
arcus
p/s: I got a Q to ask you, but I'll ask you tomorrow (in few hours) coz I'm about to sleep hehe very sleepy and its been very late. Thanks
Thanks for contributing some more It is a great strategy to move your stop based on the opposite fractal that was formed. I'll try your approach. But I would also put pending order on the buy fractal, so whenever my stop loss hit..I will on the go with the market.
I found that my way of putting pending order on the stoploss (only if the fractal is valid) could give you loser trades sometimes especially ranging market as what happened to me this week. I trade GBPJPY with hourly chart. Would you have any suggestion about this?
Happy trading,
arcus
p/s: I got a Q to ask you, but I'll ask you tomorrow (in few hours) coz I'm about to sleep hehe very sleepy and its been very late. Thanks