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16th
FEB
The Correct Top Price
Posted by admin under Forex Tips
Alright so I have really noticed, this week that there are NO trends currently.
What I have realized is that when the market is choppy you look for 30 to 50 pips, but when its trendy you can look for you 100 pips.
Right now the market is choppy and I put my top price at 30-50 pips and my stop loss at 20 pips. No trailing stop.
During trendy market times I usually put my top price at 100 pips and my stop loss at 35 pips with a trailing stop at 35 pips.
If you ask what charts I use, I use M15, H1 and H4 to all support each other.
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