Dislikedi just read your post in X-man thread . I have read your earlier posts about R multiples.
Did u mean that , since the range of asian session is 25-30 pips today . My R would be the 25,so i have to look for how many R's i can get??
Im thinking 4R since its BO play and the R is low 25.Ignored
What is the average traded range of GU on weekly basis?
You initial risk R is determined by volatility of the market which you want to survive after entry. Use technical stop like the most recent swing high / swing low or caculate ATR(10) and 2 times that and place your initial SL below the most recent consolidation.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett