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Thread: Chasing SandR

  1. #1

    Chasing SandR

    That is something I started last week. I follow the price as it rebound between Support and Resistance or by S to R or visa verse on Daily charts only. I would enter as soon as I see PA moves towards another S or R rather than waiting for price to hit R or S and input a rebound or break. I hope this makes sense... I'll post charts to try and explain as I go along. The chart below is a trade I took Friday on AUDUSD.

    MM and R/R is still a work in progress. I currently do not use a SL as I exchange a tiny account. I suggest risking no more than 5% per commerce and R/R 1:2, but still much space for development.

  2. #2
    This is a possible installation on EURJPY D1 for Monday, depending upon where the market opens.

  3. #3
    This one I took on GBPUSD D1 on Thursday

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