What is Heikin Ashi?
Hi TopChess:
What is Heikin Ashi? I read where you mentioned it in an earlier post.
Regarding where to place a SL; it's really a difficult decision. In my opinion, this is one of the two items that makes the art of trading lean more towards gambling than investing.
When I comtemplate theories of where to place a SL my mind starts spinning. I don't want to place it too close and have it trigger when the pair may have just been going through a few of it's wild movements before heading off where I want it to go.
On the other hand, if I've stepped into a trade that is destinded to take off in the opposite direction (determining the direction a pair will travel is the second item that puts trading into the gambling arena,) the loss is as large as where the SL was placed.
To summarize; for me two clouds hang over my head 1) which direction a pair is really going to travel, and 2) where should I place the SL?
I like to type out my problems, it causes me to review my issues.
|