Yes, from 0650 still. Haven even bothered moving my SL line
are you coming in after a pullback towards 0840/0820?
still 400-600 pips left there
The general rule is that it should respect the boundaries most of the time (70% +).
However, I manage to catch pa only few times near those boundaries (cannot sit behind screen for 24 hours).
If it breaks against me, I quit. If it breaks in my favor, add more on retrace (or without retrace if its a strong break during market hours). Then let my positions either hit sl or the next boundary.
Generally 1:1 r/r, but sometimes less sometimes more.
whatever works, works... Its a war..
bought @ 1.43920 15 manual stop
I used to do this.
It took me years to learn advantage of longer term trading (500 t0 1000 pip moves).
When I say "break" it means not only the break as it is generally understood but also a big move even if it does not break a channel or range. This way you can get out or add even on bigger moves that maybe breaks on shorter timeframes.
Just think if gold was at $700 a couple of years ago, with 1:1 r/r and sl at $100 (which would have been the safest sl in the history of mankind) one would have doubled the money.
a nice way of diversifying it though..
