Hello RP
Thanks for a great thread I have TOS which I just signed up for not a live account yet as I have always been a MT4 person. I cant seem to replicate any of your charts is it something that is only available on the paid portion of the platform.
Has anyone used a PARSAR to manage the trades. Last night I had a nice trade on GBP/USD. I took a short which eventually hit for 45 pips ( closed it around 1.4100 because I was nervous and missed the cliff dive to 1.4000) This is a common occurrence with me but I seem to be great at praying my losers will turn around, but I digress. While in that trade price broke thru the cloud briefly and I went short only to have it reverse immediately ( happens to me all the time) and go negative for 25 pips. It was then that I realized I really didn't have a plan to get out of the trade. I didn't panic and opened 2 regular price action charts 15 and 30 minutes and decided that since price had not closed above the cloud on the 15 and was at the bottom of the cloud on the 30 I would hold the trade.
so in a long winded way are there any parameters for exiting and entering that work better than others
thanks again
Thanks for a great thread I have TOS which I just signed up for not a live account yet as I have always been a MT4 person. I cant seem to replicate any of your charts is it something that is only available on the paid portion of the platform.
Has anyone used a PARSAR to manage the trades. Last night I had a nice trade on GBP/USD. I took a short which eventually hit for 45 pips ( closed it around 1.4100 because I was nervous and missed the cliff dive to 1.4000) This is a common occurrence with me but I seem to be great at praying my losers will turn around, but I digress. While in that trade price broke thru the cloud briefly and I went short only to have it reverse immediately ( happens to me all the time) and go negative for 25 pips. It was then that I realized I really didn't have a plan to get out of the trade. I didn't panic and opened 2 regular price action charts 15 and 30 minutes and decided that since price had not closed above the cloud on the 15 and was at the bottom of the cloud on the 30 I would hold the trade.
so in a long winded way are there any parameters for exiting and entering that work better than others
thanks again