Joined Mar 2007
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Status: 'sleeping in a dumpster'
|2,151 Posts
Hate to ‘burst your bubble’ (as seen in this 4H) but this beast needed to pause (after a 600 pip run). Is it a 38 - 50% fib retracement or reversal? I’ve traded short from 144 and want to see it go down to 138 and much lower according to the daily.
Joined Mar 2007
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Status: 'sleeping in a dumpster'
|2,151 Posts
Sticking to narrower tf (5 - 15 min) tolerances and watching for a signal with the tight formation of mma compression patterns after a ‘bubble’ collapse and then anticipating the direction of their release... a good likelihood it could go down.
{quote} normally what is the stop loss you are putting
Ignored
It varies a lot. I don’t have fixed SL amount of pips for example. I have an idea if things reach a certain area, that it would raise a red flag and I would start looking into taking a loss. That’s something that might change in the near future. I hope and wish that one day I’ll have exactly an SL for every single trade the moment I open it