Try it with this indicator, it will give you an idea of where to put your sl.
Attached File(s)
Old ways dont open new doors
Trend Magic Indi with Alert 20 replies
MTF Trend magic 6 replies
Trend Magic Email Alert Help 6 replies
Please help with Trend Magic indicator! 3 replies
Trading: Part Science and Part Art 28 replies
Disliked{quote} Nice chart there. I'm not sure why this thread kinda just died out. How do you like the MACD BB?Ignored
Disliked{quote} Its not bad actually. Just another tool to use in confirmation of trend. Not sure why it died out either. Seems like a decent system imo.Ignored
Disliked{quote} I did take a quick short when the fast MACD BB crossed over the slow and changed color. Closed when it bounced off the 200ma. {image}Ignored
DislikedHi everyone, I am a technical analyst using technical trend lines to predict price movements. I can develop a chart template for any currency for use on mt4 platform. For EURUSD 4th-8th January 2016 {image} The trend is clearly bearish as outlined by the white trendline; the redlines outline the support trendline, price may reverse on the redlines, a break through them will open further fall in price. The green trendlines are current resistance line and the yellow lines simulate a possible price movement. EURUSDTrendForecast template is attached....Ignored