I Don't know when to exit...???
This is what the cowabunga system says are
"Exits
....Generally 50 and 00 levels will be your targets. You can also use any kind of support or resistance level as a target or you can just go for the amount of pips that you are risking. "
I don't know what is meant by 50 and 00 levels. Can someone please explain this to me. As much detail as possible please, as I really want to use this system.
Also how do i know what are the support and resistance. Do I have to manually calculate and draw the sup and res lines or does mt4 do it for me??
I am using metatrader4
thanks in advance
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