Hey Guys,
Does this sound familiar? You place your stop just above the highs or lows, price takes out your stop for then to reverse and rally in the other direction! So frustrating!
I walk through my LINE OF DEFENCE analogy about how you need to make it DIFFICULT for price to get to your stop loss. When you understand this, and levels where price reacts you will be able to find a more logical stop loss area.
Indicators mentioned can be downloaded in their respective threads:
OGT Trend Dashboard - https://www.forexfactory.com/thread/...dicator-system?
OGT Round Numbers Indicator - https://www.forexfactory.com/thread/...-new-indicator?
Thanks,
Zoheb.
Does this sound familiar? You place your stop just above the highs or lows, price takes out your stop for then to reverse and rally in the other direction! So frustrating!
I walk through my LINE OF DEFENCE analogy about how you need to make it DIFFICULT for price to get to your stop loss. When you understand this, and levels where price reacts you will be able to find a more logical stop loss area.
Inserted Video
Indicators mentioned can be downloaded in their respective threads:
OGT Trend Dashboard - https://www.forexfactory.com/thread/...dicator-system?
OGT Round Numbers Indicator - https://www.forexfactory.com/thread/...-new-indicator?
Thanks,
Zoheb.
Never stop investing. Never stop improving. Never stop doing something new