Nicely explained Paul on the 3 day stop trailing
I kept hitting my tp level (rare events !!)
I used the ATR and took the price away to achieve the SL (and then added 10 pips for an extra safety cushion - sort of backfiring on me !!)
I entered EURAUD the rationale being the CCI was "curving" although it was below 0, the stocs have come together and are looking to cross and below 50. The price hit the middle boll (20, dev 2) and was coming down from a bounce. I put the stop at 1.7017 as this looks like a good area of earlier resistance.
Im unfortunetly -60 pip so far (using a 0.1 lot)
I kept hitting my tp level (rare events !!)
I used the ATR and took the price away to achieve the SL (and then added 10 pips for an extra safety cushion - sort of backfiring on me !!)
I entered EURAUD the rationale being the CCI was "curving" although it was below 0, the stocs have come together and are looking to cross and below 50. The price hit the middle boll (20, dev 2) and was coming down from a bounce. I put the stop at 1.7017 as this looks like a good area of earlier resistance.
Im unfortunetly -60 pip so far (using a 0.1 lot)