I am fairly new to swing trading and thougth I would try the Babypips technique listed in the 11th grade tutorial. I really like this technique and think it will be a good long term option. My question is it is not very clear if I should wait until the daily candle closes and the rest of the indicators line up to place a trade or if I should place a trade as soon as all the indicators line up. It seems like if I wait I will need to place a stop larger than 30 pips like they suggest. What are your thoughts to waiting on the close of the candle or not.
I know this is just an example of a trading sytem in the 11th grade stuff but it really does work. I just would like to define it a little.