[quote=BillB;31633]
Quote:
Originally Posted by tonymand
Tony,
Thank you for the reply.
I edited to add one more question that I'm sure you didn't see:
What do you consider a breakout- 1 pip below the low and 1 pip above the high or some other buffer?
Do you ignore news?. For example, did you trade the breakout that just occurred on GU due to the interest statement?
Thank you
|
Yes Bill 1 pip is sufficient and yes am in short following BoE release and its come up 4 pips short of target so far. I have found that exiting before news makes little difference overall. Sometimes news will kick a trade on or kick you out. For a continuation trade I ignore candle wicks so my MC 3 trade is set up for a break below 2.0190