Hi,
as the title says what do you think about using one set of entry/exit rules for BUY and other set of rules fo SELL? I dont know but it kinda makes sense to use different rules to me. Market might respond in different way to bad news and totaly differet to good news. For example +1K change in Employment will push market 20 pips plus, but -1K chnage can chagne market 50 pips minus. (hope you undersatnd me). And this does not aply only to news but over all psychology of trading.
Why is everybody using same rules for buy and sell? Or is here anybody that does not?
Thanks
as the title says what do you think about using one set of entry/exit rules for BUY and other set of rules fo SELL? I dont know but it kinda makes sense to use different rules to me. Market might respond in different way to bad news and totaly differet to good news. For example +1K change in Employment will push market 20 pips plus, but -1K chnage can chagne market 50 pips minus. (hope you undersatnd me). And this does not aply only to news but over all psychology of trading.
Why is everybody using same rules for buy and sell? Or is here anybody that does not?
Thanks