Disliked{quote} I have few questions for you. First - Thanks a lot for sharing your trades and tips here. I have to say this is really helpful. Especially 2 PM and 4 PM tip :-) My questions: Do you not wait for retracement before taking any trade? I know it worked fine in this case, but lot of times I see price goes back into the channel. Where do you usually put your stop loss? I am assuming somewhere far that it doesn't hit easily. How do you decide on your exit? Is there a reason you closed trades at that particular point or do you have fixed profit...Ignored
I trade only breakout trading....I don't trade retracement trading.
You can't see any of my trades.....where price goes back into the channel.....never.
I usually uses an EA to place my trades.....and this comes with SL of 25pips......TP of 50pips....... after placing my trades I normally adjust the trade according to +/- with the previous high/low and ATR x 2.........for the SL and then multiply it x2 for the TP.
That's particular trade reached my TP of 50pips......but sometimes I used PA to close my trades......but never allowed it's to goes back into the channel and never allow the blue and red lines to cross in the opposite direction on the Daylight.
Happy trading
Be Dumb and Follow Price
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