2scoops asked:
Am I right in saying you advise setting your SL a few pips above/below the high or low of the previous swing. Yes on the lower time frames (5min-1hr) otherwise on the 4hr IF I USE ONE which I don't normally do I would put it above/below the last candle. That's not a rule _ just my preferance.
Monitor the trade on the formation of each 4HR candle, if there is any "hook/flattening" of the TDI strongly consider exiting. Yes
If you cannot monitor each 4HR candle move your SL up to BE... Yes...and set a 50 pip TSL. Humm... I don't personally use Take Profit levels to shoot for but that sounds reasonable...
Am I right in saying you advise setting your SL a few pips above/below the high or low of the previous swing. Yes on the lower time frames (5min-1hr) otherwise on the 4hr IF I USE ONE which I don't normally do I would put it above/below the last candle. That's not a rule _ just my preferance.
Monitor the trade on the formation of each 4HR candle, if there is any "hook/flattening" of the TDI strongly consider exiting. Yes
If you cannot monitor each 4HR candle move your SL up to BE... Yes...and set a 50 pip TSL. Humm... I don't personally use Take Profit levels to shoot for but that sounds reasonable...