prochargedmopar wrote:GU,
A risk of 4 macros,
10 macros from a line.
Is it over?
Screenshot_2016-05-16-18-45-35.png
I know u don't know when to enter or exit so here are some ideas from who u quote all the time (must have forgot these ones).
Entries
Have we forgotten everything that we have learned?
1) Trade off of daily+ extremes
2) In the direction of profit
3) On smaller charts
Exits
Taking profit:
1) after an insanely large bodied candle in H1+
2) Crash Zone
3) Within a 20% ret off of an extreme after a 'significant' range expansion.
What else do you need to know?
S&R is NEVER in front of the current price; it is a bridge not a wall.
If you ask for B.E. or a small loss then you will likely be granted your wish.
It is ok to risk 50% more when your trade TF is a daily+
It is ok to increase your standard lot size by 1.618 when
trading a 10 minute or smaller chart.
Now knowing all that, looking back at your chart you can clearly see its not over.
We will eventually teach you how to hold your winners and not losers. You would have missed out on 150pips!!!! That's off one trade. Come on Pro, you quote MO. How do u not know this.