I don't know if this will help, but I like to take it one trade
at time. Just let it play out. It is not about predicting where
price is going to go. You set objective entries with stops and
targets based on a system (like in Steve's tutorial) and then, once
it's triggered, managed the trade--one day at time, or 15 minutes
at a time. If you move up your stop to 50% of bar and get taken
out, you get taken out. Just take profits and write down on paper
how you will manage the trade.
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I don't know if this
Tutorial question - higher low and double bottom??
Posted by zenman on 13th of Mar 2015 at 10:16 pm
I don't know if this will help, but I like to take it one trade at time. Just let it play out. It is not about predicting where price is going to go. You set objective entries with stops and targets based on a system (like in Steve's tutorial) and then, once it's triggered, managed the trade--one day at time, or 15 minutes at a time. If you move up your stop to 50% of bar and get taken out, you get taken out. Just take profits and write down on paper how you will manage the trade.