Hey man, actually we think that was a good entry, had nice candle formation, and support, but the stop was to tight ! try the 2ATR stop or a well placed structural stop ! Nice analysis though
Sw1nGTrade
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Thanks.. :)
Sorry I dont understand with this "2ATR"???
what is the meaning??
CortesTeam
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A classic but efficient way of setting stops is with the ATR indicator, you can find it in the indicators library, so what you have to do to configure it is the following:
1. Set the ATR (Average True Range) in the chart layout,
2. Set the ATR with 7 Periods like your RSI
3. And when you see an Entry (Long or Short) you take the previous low or high and add the ATR number to that high or low
Example:
Sw1nGTrade
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Ahh... I see..
Ok thanks for that suggestion... :D
it's helpful for me
CortesTeam
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Hey one question, where did you learn to trade forex ? who taught you?
Sw1nGTrade
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I'm started trade forex 3 months ago first week May
I'm learned from youtube, google and from this site (Tradingview)...
Nobody taught me, I'm learning by myself.. :)
I'm Learned from other people in here which the chart they shared it, and how they make analysis in FOREX???