Disliked{quote} Yes, that's true. But I'm wondering when the best entry would be? If you just watch this indicator, it can be all over the place sometimes. I suppose that's a good signal to AVOID trading until market corrects itself.Ignored
The main goal of this tool is to catch the momentum of the price and it's better if we can catch the early momentum. But it's hard because this tool is based on indicators and as we know all indicators are lagging. So when we have some colour filling - above 80%, 90% etc., we have an idea in what direction a given currency is going, according to its crosses in the group. We can enter the trade depending of that percentage, but for the TP and SL it's better to see the chart of the currency group that you have decided to trade. You can place your TP and SL near the previous high and low or support and resistance. Sometimes the price makes new high or low, so in that case you have to decide what profit is enough for you. As you can see there are not strict rules for TP and SL only for entry (if you set an exact percentage). There are other ways to use this tool I guess and you can experiment and find out what works and what doesn't.
Wish you luck.
Don't ever let somebody tell you... You can't do something.