So basically this method is not really trading support and resistance but waiting for the "go long" or "go short" to get broken and trade the opposite way after it crosses the "go long or "go short" level again??
This is rather unique, the only thing is I notices is that the levels keep changing.
thanks TRO
TRO SR RR
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Hello all, I just want to say first off that this is my favorite TRO indicator so far, but in all honesty I haven't had a chance to play around with very many.
I just had a question regarding how most of you are deciding when to take profit. Currently I am just waiting for the appropriate buy or sell, setting my stop loss at the support or resistance (or 10 pips whichever is greater), then setting my TP at 10 pips.
I realize I may be leaving some profits on the table by doing this and I am just curious to see if others are letting it ride to each fib level and waiting to see if it stalls out before closing?
Any feedback would be great, thanks.
I just had a question regarding how most of you are deciding when to take profit. Currently I am just waiting for the appropriate buy or sell, setting my stop loss at the support or resistance (or 10 pips whichever is greater), then setting my TP at 10 pips.
I realize I may be leaving some profits on the table by doing this and I am just curious to see if others are letting it ride to each fib level and waiting to see if it stalls out before closing?
Any feedback would be great, thanks.
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- TheRumpledOne
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