I'm still a beginner, and i believe that trends always have the main effect on huge market movements so i always draw the trend lines that look main to me and crossing them means a sure breakout for the current trend and a big price change with big profits.
Always make sure to change the sl to BE+ when price moves good movement. If u put the sell stop/buy stop soo close to trend line, the market may consolidate before it shows the true direction so hold-on. "put the stop loss in the middle of the trend channel when the order is active"..
Good Luck :)
Always make sure to change the sl to BE+ when price moves good movement. If u put the sell stop/buy stop soo close to trend line, the market may consolidate before it shows the true direction so hold-on. "put the stop loss in the middle of the trend channel when the order is active"..
Good Luck :)