Results 1 to 3 of 3

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

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
This website uses cookies
We use cookies to store session information to facilitate remembering your login information, to allow you to save website preferences, to personalise content and ads, to provide social media features and to analyse our traffic. We also share information about your use of our site with our social media, advertising and analytics partners. Read more.