Hi, just came across your thread. I have almost the same system of trading like yours. So I wanna ask how did you place ur stop loss.
Ignored
Generally I place a stop on the other side of the demand/supply zone. This is usually between 15 to 25 pips. If price breaks my demand/supply zone then it makes my set-up null and void and I'm happy to get out of that trade.
Once the trade is in profit, re-tests my entry level and then moves 10 or more pips, my stop will be moved to break even.
Generally I place a stop on the other side of the demand/supply zone. This is usually between 15 to 25 pips. If price breaks my demand/supply zone then it makes my set-up null and void and I'm happy to get out of that trade.
Once the trade is in profit, re-tests my entry level and then moves 10 or more pips, my stop will be moved to break even.
How do you normally place your stops?
Ignored
Yes, I also place my stop base on another side of D/S zone but I will take a look at the next 2 D/S zone and pick the stronger zone...SL never more than 60pips.
Once my trade in profit, I will locked with +1/+2 because sometimes at BE, when spike happens, the trade will end up in loss.
How you initiated your trade? Once the price enter the D/S zone or once it came out after entering the zone?
Yes, I also place my stop base on another side of D/S zone but I will take a look at the next 2 D/S zone and pick the stronger zone...SL never more than 60pips.
Once my trade in profit, I will locked with +1/+2 because sometimes at BE, when spike happens, the trade will end up in loss.
How you initiated your trade? Once the price enter the D/S zone or once it came out after entering the zone?
Ignored
I take the trade as it touches the the top/bottom of the demand/supply zone. I usually look at a lower timeframe such as m5 to see where the best entry is.
Here is the current trade I'm waiting for. I'm looking to buy on the touch of the demand zone
