DislikedCan anyone knowledgeable enough answer my other question about the RN's... How should one handle them when price is going towards or stuck at an RN and there is a valid setup or an open trade? Do you refrain from trading or when on an open trade close all open positions? Please help me clear that out.. I feel over-cautious with the RN's...
Ignored
Another thing that sounds like there's still some confusion is if you enter near a round number and close for 15-20 pips you'll never approach the next round number with the open trade.
Hope this next statement doesn't confuse:
- Best RN entries are when price bounces off RN back into trend and you get a signal.
- Next best RN trade is when price goes past RN then retraces back to it and you get a signal as it bounces off RN into the trend.
- Loveevery1 has many charts describing this throughout the thread almost every day. You'll see them as you study more.
Anywho, there's lots of help kindly intented on this thread. Steve