Yes looks like a cool 50 pips in it if there was a quick management..
Thanks Jarroo for your great posts... great clarity ( something we all need ). Anyway are most your trades touch trades in this style, ie micro entries trying to get in on more long term(daily chart) potential movement?
IE look for set ups on dailys and enter off s/r within the hourly charts..etc , I have been trying this out with daily outside bars, I wait for retrace looking for pa(hourly, 4 hourly) off 50%/61.8 retraces of the daily outside bar.. BUT my sl is below the daily hourly bar... .... thoughts appreciated.. Thanks
Thanks Jarroo for your great posts... great clarity ( something we all need ). Anyway are most your trades touch trades in this style, ie micro entries trying to get in on more long term(daily chart) potential movement?
IE look for set ups on dailys and enter off s/r within the hourly charts..etc , I have been trying this out with daily outside bars, I wait for retrace looking for pa(hourly, 4 hourly) off 50%/61.8 retraces of the daily outside bar.. BUT my sl is below the daily hourly bar... .... thoughts appreciated.. Thanks
DislikedAt first glance, this TT looks to have been a losing trade . .but a closer look on the Hourly and you can see that it did provide some downward movement and positive pips were given if managed tightly.
Touch trades for me is all about covering yourself from a loss. . .bit it by moving to break even or a free trade position.
The best, of course, is a solid PA setup.Ignored