Dislikedfor a touch trade you enter at the touch of confluence. If everything is coming together at 1.4750, then you just enter at that number and hope that the level will hold. with a stop slightly above.
You can also wait for a pin bar or outside bar to confirm that a level is holding and enter at a break of that bar. And finally you can look for a bpc at the break of the retracement trendline to get into the trade. All depends on what you wanna go for. I like all three methods and use them all.
best regardsIgnored
When in a touch trade how do you go about with moving stops and take profits?
Do you move your stop once it moves xpips in your favour or do you apply certain criterias? Reason i say is because i suppose in a way there must be a balance between risk management and room for it to play out...
I might of missed it somewhere in the thread sorry
Cheers
Pip