You are using that #1 level later as a breakout on the upside?!?
When you mean long over short below, is that in relation whit box range or ZL?
I started using those and its preatty accurate.
You guys dosen't include wick?
And, you said " I am entering off the daily extremes or 70-30", can you gently clarify about 70/30 level.
Last point... can someone can post the semaphore indic used here, and what's the real point of it ?!?
MightyOne wrote:Yes...Manta wrote:Like this?MightyOne wrote:I would have used the closing price of the 1 SemaforManta wrote:Maybe this can help to somebody...Chart is 5M GBPUSD from yesterday afternoon. I did not take this trade, because i was not at my computer (I don't like friday afternoon trading), but it shows how I would trade.
Notice how small SL you need for 100-120 pips profit in just 2-3 hours.
MO, is the TL marked on my chart correct?