{quote} That can happen... I don't care though.. If you have a solid stop loss positioning and trailing strategy, these kind of tricks will not affect you in the longer run.. M15: Currently, sellers should not position their initial stops lower than 1.1560...Meaning: my current risk is 4 pips.
{quote} It's depends maybe what broker you use, and how it work for you, sl can hit not in that place where it located, if it will be fast move on CPI actually... historically remember you was not a big fan of sl, looks like something change... anyway gl
{quote} Why are you guys so apart from common sense? Why? Why? Why? I stated many many times that I use mental stops... It is always about KNOWING WHEN TO CUT LOSS before we activate an order.. The levels I trail my stops to are ALWAYS mental.. I always close manually.. Only if I have to leave screen I set real stop loss and that is rare.. I said it so many times.. I am getting tired of it.. Sighs!
{quote} We just newbies, and mental sl or time sl, it's pro level imho...
{quote} Could you maybe draw the H4 resistance please? I mean like show where exactly the resistance is and why, thanks in advance!
{quote} Mate.. I always keep it simple.. nothing fancy.. no rocket science here... I use the same logic: the middle of long candle body often acts as good resistance.. that's what applies here.. I hope it clarifies...
{quote} Thank you sir, does this concept apply to the Daily candles as well or only H4
{quote} In my experience I see that it occurs everywhere.. The mid point of any long-ass candle in the region can serve as crucial level. But of course: the smaller the timeframe the lower the significance... *Also please note: this is not something very new... For example, the Japanese candle pattern "dark cloud cover" is actually using the same logic by checking the violating closing above/below the mid point of previous large candle. So, many have detected that mid-points matter long time before I noticed... I hope it answers
