TheRumpledOne wrote:
TRO, thank you for simplifying trading, I'm focused on your Price Action method/template and I was wondering if you can explain how to use/interpret the Range Gauge meter I have loaded when entering trades? Is there a way to understand the data to give a statistical edge for letting a trade run beyond 5 or 10 pips? Or, is there a donational indicator you can recommend that pairs well with the Price Action method/template? I've attached a screenshot of the indicators I have loaded on my chart. I'm trying to figure out how to get a statistical edge to let trades run 20-40 pips, when the conditions suggest a high probability of such a movement. Although, the more I look at the charts, I'm starting to think it may be best to just shoot for 10 pips a trade, sticking with daily and hourly candle color direction. Again, thanks for all the informative and generous content and indicators.