Recent content by MrNoodle

  1. M

    Percentage penetration

    Am reading through Murphy for the first time, so apologies in advance for the continuing series of dumb questions. A couple of times now he's referred to traders requiring up to 3% penetration of previous S/R for confirmation. My question is 3% of what?
  2. M

    Setting profit targets

    Just starting to look at TA more seriously. I've been able to find lots of free info on Entry pts and on limiting downside risk with Stop Loss Exits. Struggling to find much on setting profit targets. Fair enough in many cases to target nearest S/R levels, but what's the approach? Is it "if...
  3. M

    Trend angle?

    I've seen trend angle mentioned in a few places, eg a 45 degree trend is a good angle. I'm confused about this, as I can sharpen/flatten the trend angle by zooming in and out of a chart. Is there some sort of standard bar distance that gives a "normalized" trend angle?
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