Reply To: Building positions and letting them run
Cheers for the feedback.
I actually traded this this morning aiming for the gold line at 9oclock, It had been steadily increasing overnight and i thought if it doesnt go bearish from the DOR then it will rally up to that resistance.
I gave it a score of about 50%? since i didnt let the market prove it was going to trade above the DOR, but i knew what levels it would probably go to if it went in my favour. Also, the risk to reward based on the size of the 15min candle was ok, however the candle had quite a large wick on it. I got stomped out via trailing stop, but profit nonetheless.