DislikedHello , I need your help , because I reading and reading and still don't know when entry. You are upload a lot of charts but I don't see entry /close /sl. So I upload screen from TooSlow and please help to understand this visual. I pointed candle 1 is this too point 1 " new daily high"? I pointed candle 2 is this too point 2 " test the high bar"? And entry below open candle 2 ? Or candle too 2 it's new dail high and entry below this candle? {image}Ignored
Wait until the next candle opens.
If it fails to make a new high, enter as price crosses the open level of the live candle, in the direction away from the high, so you will be going short in this example.
SL and TP are personal and depend on your attitude to risk and personal trade management preferences. At the base level, SL is a couple of pips above the last high or swing high. TP is whatever you want it to be. Mine and Hal's tp / trade-management techniques have been well covered in this thread.