Quote:
Originally Posted by 8toenails
Bear and 11,
I just want to clarify the entry. Do you open the position as soon as the signal appears and if we get a repaint you close it for a loss? Or after you get a signal you wait for the candle to close to enter? Which one? 
Thanks!
8 |
Hey 8toenails,
Depends on who you ask. I get in ASAP. Forex11 looks at candle formations. But I use a 4HR & he uses 1hr. If I use 1 hr I would do what he does.
Also I set my stops under/above the arrow (+/- 20-30 above/below the high/low) so when I get stoped out there is no arrow anymore. I wait till I see a new signal. I can lose 10 times & its only about 300 pips yet the average win is twice that.
Confused yet?
Bear-