Quote:
Originally Posted by fx_geezer
Hi Bear,
Thanks for sharing your method.
Read all the posts, but still couldn't find your TP. You say for GBP/JPY your stop is 60pips, but then how about your TP?
Cheers.
|
Hello fx_geezer,
In its purest form you would exit the next time you see an arrow or the ZIGZAG line bounces.
i can give you some averages on the pairs I trade.
EUR/JPY 1 HR SL 30 TP 200
GBP/JPY 4 HR SL 60 TP 350
Your stop loss should always be behind the arrow, basicly behind the last established high/low.
Hope that helps.
Bear-