Quote:
Originally Posted by b3nni
So actually there are no certain rules w regards to the Tls you see/ draw-- you take a look at the charts and 'feel' where the Tls have to be so that it all makes sense at the end of the day.
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i do follow the basic concepts, but over the years yes i have developed other ways of plotting them as they have been back tested and before i started implying them for trades.... plus most of my charts are preposted before the actual price action happens......
in the end when trading forex, what works for you, you should tick to it, otherwise there are too many tools for trading..... the simplicity is the best policy and thats what i stick to..........
GL........ im out a here.. longs in at 5587.. stops rt below the low at 5564.....
EDIT:: longs with trailing 15 pips stops....... ammended the limit to 5648.............