Mira wrote:v8power wrote:v8power wrote:Last one. I have posted around a half dozen HTF charts and how to trade them (AND IN ADVANCE SO NO CHERRY PICKING). Its the same over and over.
Took a loss on the first attempt. Price then retraced some more (right into a doji box and support). Dropped down the the 1hr and found a doji box to get my entry @ .2960 sl @ .2930. TP is off the weekly zline at .3260. 300 pips from a 30 pip sl .
How have you decided for that target?
I'd have been out after 30 pips in profit
A few things went into that decision. 1 since my SL was at/under an extreme (giving me a chance to hold for more then 30) and the zline of the weekly bar gave me a real target to aim for.