Folks, especially for the newcomers...who have been here for a while already know how sometimes market price goes some 20-30 pips above my order price level then retreat to it at least or crash afterwards...Again we're not trading here for 20-30 pips but literally at least 50-100+ pips every trading day... so if you can't hold on a 20-30 pips drawdown sometimes then don't trade my suggestions....while many times the market hit exactly my price level and profits start...even yesterday market have hit exactly within 4560-65 before going some 20 pips higher...again that's peanuts compared to my TP pips amount...most importantly is Risk to Reward ratio that is very good taking care of in all my daily signals if you wanna name it so...
About SL, again it's not based on fixed whatever number of pips but about market price basing above my sell order and mainly that base must happen after the daily candle close and new candle open...
But let's say you like to close your order daily or shortly if market moves against your order...simply if price goes like 30 pips and come back close it at BE or if it even spikes 50 pips for whatever reason it'll always give you at worst case an opportunity to close at some 20-30 pips loss and again even in that sometimes case and bcoz you don't like to hold on...such loss is nothing compared to our daily TP targets...
I hope this detailed info sorts things out for many..as I don't like to repeat myself!
About SL, again it's not based on fixed whatever number of pips but about market price basing above my sell order and mainly that base must happen after the daily candle close and new candle open...
But let's say you like to close your order daily or shortly if market moves against your order...simply if price goes like 30 pips and come back close it at BE or if it even spikes 50 pips for whatever reason it'll always give you at worst case an opportunity to close at some 20-30 pips loss and again even in that sometimes case and bcoz you don't like to hold on...such loss is nothing compared to our daily TP targets...
I hope this detailed info sorts things out for many..as I don't like to repeat myself!
Trading D/W/M Charts. https://www.cashbackforex.com/#aid_10611
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