I have the option of my chart displaying the bid movement or ask movement. Is there a difference? Should I base which setting I follow based on whether I’m going long or short? If someone is aiming for a 10, 20, even 50 pip level, 3 pips make a world of difference when drawing lines, or fibs. Am I being too precise?
You are well ahead of most of the posters on this forum in that you recognize the difference of displaying the Bid/Ask. Most don’t seem aware of it and then come on and complaint about being taken out of a trade below the high of the bar (above the low) and that their broker is deceptive.
I don’t think it matters which is used, so you may as well use the default like most people. But always being aware of what the setting is important.
It doesn’t matter, as long as you keep it consistent. As long as you take it into account when setting your stops, you will be fine. Using the default is usually the way to go.