hey guys, thanks for the support
i have been working on my own strategy for about a week now, it only includes trendlines, support/res lines from major highs/lows, fibonacci lines.. basically KISS by just using price action
What i do is write out the major levels then replot them as just horizontal support/resistance lines and levels like u see in the ones i give at 3am.
I will be looking for a match up of resistance/support levels w/ the bids/offer levels given at 3am from rob.
First, thank you for the advice Whitenights, the thing is w/ my trading i will usually have stop losses of 40-60pips so i try to keep my profits above 40-60 pips to keep my risk to return ratio good. But i move my stop loss to breakeven at the first opposing support/resistance level.
i have been working on my own strategy for about a week now, it only includes trendlines, support/res lines from major highs/lows, fibonacci lines.. basically KISS by just using price action
What i do is write out the major levels then replot them as just horizontal support/resistance lines and levels like u see in the ones i give at 3am.
I will be looking for a match up of resistance/support levels w/ the bids/offer levels given at 3am from rob.
QuoteDislikedAnd for me you've also to reduce your daily profit targets (for example 10-15 pips a day) like if you would be a futures trader.