Dislikedhi all, once the important level is broken we place an order at that level and wait for the price to return...that's how Cat placed his EUR/JPY and EUR/USD orders...at times price may not return due to huge momentum??Am I right Artem?? RegardsIgnored
As it's been said - we trade only breakouts, not bounces. So we don't wait for the level to be broken.
We decide whether to place a sell stop or buy stop order at the level or not. And history should tell us is it a good level to trade or not. But how does it tell?
Well, I suggest you to take a look at post #219 (http://www.forexfactory.com/showthread.php?p=7761987#post7761987) by Jordancee91...
UPD: Guys (and girls). Since now I think I'd better keep a silence here, because it's not my thread and I have already said more than I had to..
When Cate returns, he will answer to you.
Cheers,
Artem
Let's go with the flow