Boulder I have a question about your method.
I ask at weekend caz you have more time to explain more if possible.
You trade based on your datapoints table. So you are shorting eu for example atm.
You stop shorting when your table change direction. Let's assume eu go higher to reverse H4 downtrend stop. You stop shorting. And eu continue to change day downtrend stop and it reverse. And you will turn to long eu. So what about those open shorts you have at bottom of the chart? You may have some serious DD at that level. I know you will enter some long positions if your table change. But I know you have 10 pips target for longs and no SL for older shorts. So more higher price, more DD. How you manage your DD if eu go higher and higher from this level to change day downtrend stop?
I ask at weekend caz you have more time to explain more if possible.
You trade based on your datapoints table. So you are shorting eu for example atm.
You stop shorting when your table change direction. Let's assume eu go higher to reverse H4 downtrend stop. You stop shorting. And eu continue to change day downtrend stop and it reverse. And you will turn to long eu. So what about those open shorts you have at bottom of the chart? You may have some serious DD at that level. I know you will enter some long positions if your table change. But I know you have 10 pips target for longs and no SL for older shorts. So more higher price, more DD. How you manage your DD if eu go higher and higher from this level to change day downtrend stop?
Trade to enjoy... Money is after!
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