RISK Management (suggested) for ALL Platforms:
4 Tick Range Bars Have a 8 Tick Stop that Trails to Break even after 4 ticks in Profit w/30 tick tgt
7 Tick Range Bars Have a 10 Tick Stop that Trails to Break even after 4 ticks in Profit w/30 tick tgt
9 Tick Range Bars Have a 15 tick Stop that Trails to Break Even after 5 ticks in Profit w/30 tick tgt
11 Tick Range Bars Have a 15 Tick Stop that Trails to Break even after 6 ticks in Profit w/30 tick tgt
15 Tick Range Bars Have a 20 Tick Stop that Trails to Break even after 8 ticks in Profit w/40 tick tgt
19 Tick Range Bars Have a 25 Tick Stop that Trails to Break even after 10 ticks in Profit w/45 tick tgt
31 Tick Range Bars Have a 36 Tick Stop that Trails to Break even after 16 ticks in Profit w/48 tick tgt
50 Tick range Bars Have a 60 Tick Stop that Trails to Break even after 20 ticks in Profit w/75 tick tgt
100 Tick Range Bars Have a 110 Tick Stop that trails to Break even after 40 ticks in Profit w/150 tick tgt
· All time based bars have prior swing high or low as potential stop loss area.
· LOOK LEFT ALWAYS
Trade Exit (suggested) for ALL Platforms:
Look Left for prior swing high or low for area of support or resistance
· Learn to read the DOM to find potential numbers that price is searching for.