Hugh,
As I've noted before - I'm glad you recommended the even number s/r levels. It's interesting how even the GBPAUD respects theseto some degree (the M5 chart zoomed out gives a reasable view). I'd have to wonder - "who the hell cares for this pair?" Some big traders (or their algorithms) obviously do.
The H1 100 sma also shows good s/r attributes as you've also mentioned.
I'm now short on the GBPAUD @ 1.60443 with a SL @ -10 (moved from -25 & -15 as I wrote this).
Now if this lasts I'll have to try your trailing SL ...
As I've noted before - I'm glad you recommended the even number s/r levels. It's interesting how even the GBPAUD respects theseto some degree (the M5 chart zoomed out gives a reasable view). I'd have to wonder - "who the hell cares for this pair?" Some big traders (or their algorithms) obviously do.
The H1 100 sma also shows good s/r attributes as you've also mentioned.
I'm now short on the GBPAUD @ 1.60443 with a SL @ -10 (moved from -25 & -15 as I wrote this).
Now if this lasts I'll have to try your trailing SL ...
Still learning - No guarantees...