I just put in a sell stop order with this Price/SL/TP.
Price is consolidating so i don’t want to enter the trade till price makes up its mind. If price breaks to the downside and makes a lower low of the structure and triggers me in then that is the only way I will enter the trade. If price goes up and I do not get triggered in then I will miss the stop out I would catch if I entered with an instant execution right now.
Price is consolidating so i don’t want to enter the trade till price makes up its mind. If price breaks to the downside and makes a lower low of the structure and triggers me in then that is the only way I will enter the trade. If price goes up and I do not get triggered in then I will miss the stop out I would catch if I entered with an instant execution right now.
