Quote:
Originally Posted by topchess
Buy stop triggered 234, for 234.40.
and stop 233.50.
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Is this a relatively new strategy (experiment) you're testing on this pair topchess?
I can't seem to fathom your criteria process here?! Looks like you're buying at the top of each wave instead of triggering at the minor pullbacks?
The round numbers are natural s&r zones which will contantly attract often vicious kickbacks, especially as price is attempting to scale fresh intraday highs & lows or attack previous area's of s&r within a range.
It's none of my business at all, but wouldn't it be more productive to wait see if the momentum is adhering to the peak-trough behaviour (forming continuous higher high/higher low steps) before entering on the p/b triggers, & placing the stops below the prev low, as in the chart?
But like I said - I'm not sure what your base strategy is or what you're looking to test?!