DislikedCan I just share some of my own personal experience with trading? ...I FEEL more at ease...
Anyway, thanks for listening!Ignored
I think it's more about "Potential R:R"
It's like jumping into a Yellow Cab in New York 1/2 a block from an accident scene dead ahead.
{might have been better Walking this one. Shoulda seen THAT comin'}
I do understand your point & I think it deserves the time to cover that aspect agian.
(A)"Looks like it's goin' Up" is not a complete reason to Buy.
(B)"Looks like it's goin' Up for 150P to next Res" is a reason to Buy.
Does that mean if I'm in (B) scenario I should automatically risk 75P as a SL?
Of Course not.
Only the Historical Bars can tell you that.
Jimboo:
This post was not directly aimed at you but I thought you raised a good point that Others could learn from.
I just road your coattails.