hi guys.. i have a question.
what if i identified the highest point in daily TF.. then the opening price of the daily candle is also the highest opening price.. then comedown to H1 TF there is a candle which opened inside the area of interest. (in between the highest point and highest opening) so i will wait or put sell stop in the highest opening price..
then what if after i put the sell stop,.. the next day, we a have new highest opening.. so there is a new area of interest.
1. should i close my first sell stop?
2. what if i did not close, then there trade signal on the new area of interest? should i put another sell stop? so i will have a 2 sell stop on different level?
3, what is the TP or trailing stop value for daily ?
hope you can understand my question and English. not so good on explaining in english. and im still practicing and getting to know this system so pardon me if my questions are too dumb.
thanks guys... pls see attached photo
what if i identified the highest point in daily TF.. then the opening price of the daily candle is also the highest opening price.. then comedown to H1 TF there is a candle which opened inside the area of interest. (in between the highest point and highest opening) so i will wait or put sell stop in the highest opening price..
then what if after i put the sell stop,.. the next day, we a have new highest opening.. so there is a new area of interest.
1. should i close my first sell stop?
2. what if i did not close, then there trade signal on the new area of interest? should i put another sell stop? so i will have a 2 sell stop on different level?
3, what is the TP or trailing stop value for daily ?
hope you can understand my question and English. not so good on explaining in english. and im still practicing and getting to know this system so pardon me if my questions are too dumb.
thanks guys... pls see attached photo
PATIENCE AND DISCIPLINE!