that's why i didn't buy the b/o.. of course sometimes it runs and don't look back. more times then that it returns. and even retraces 50% or more of the move. so with where it started as the stop (plus a few) at a 50% retrace with assumption of the b/o running. a decent r/r trade can be made. if a indi agrees it should help. if a candle agrees better yet. i bought the gu cause it had a small db.. that was my sl
I do most of my work on weekends where I try and hunt down pairs that are ready to break cuz TA and FA are lined up.... I trade off the weekly charts typically, using monthlies and quarterly techs and numbers to guide my direction...
Since September I've only entered about 9 total positions on various pairs... Haven't closed any entirely yet but my accnt is up 111% since then...
I guess it's all about R:R for any time frame trader... We just gotta find our styles..
