DislikedI don't want to sound like I'm talking down to you, but there's really no point taking a trade if you can't define a stop loss level. The stop loss level exists to let you know that you are wrong and that you should a)close the trade or b)close and reverse. Maybe you should think of the stop loss level as an area where you would not like the price to go. If you are looking for a shorting opportunity then I gather you have a level in mind after which you would not short anymore, where you would be uncomfortable holding a short position. Or perhaps...Ignored
You right about the stoploss, I will write it down.
The method is based on the camarillo pivots. The lines are a good indication where price can go to. Sometimes when i'm wrong, by adding a position at certain level you have the chance to get out at BE or with a little loss. Most of the time it happens, but my problem is that i don't get out of the trade, hoping to get more from the trade. And then it goes wrong.
But i will try to determine the stoploss before taking a trade. Also trade with smaller lotsizes is a good idea.
I will also try this method on Fiber, to see if its suitable.
Thanks again.
btw: looks like forexfactory is really slow, had to type some posts twice