forex trading is so hard...

piphoe

Legendary member
10,038 194
If it stops out, watch and wait until something else develops
ok. fair enough. i've drawn TLs, lots of them. I've see lots of them "pierced" too,only to see the trend resumed, like nothing happened.

my question is, how much of a "pierce" is worthy of a SL?
 

Dowser

Experienced member
1,234 276
ok. fair enough. i've drawn TLs, lots of them. I've see lots of them "pierced" too,only to see the trend resumed, like nothing happened.

my question is, how much of a "pierce" is worthy of a SL?
SL is a function of the width of the channel and is based on a favourable R:R
 

Bradtex

Member
51 4
You can draw many lines on your chart, based on the nature of markets some of those lines will work, this can give you confirmation bias.