- expect half the trades to fail
- expect whipsaws in rangebound markets
5 min charts
15 min charts
30 min charts
60 min charts
NOTE: in hourly charts, last bar is of 15 min. This is because markets start at 9.15am so last bar is from 3.15pm to 3.30pm.
Recommended trailing SL is 10 bars high or low depending on whether you are short or long.
Positional traders can also consider 3 days support or resistance as SL for short or long trades.
- expect whipsaws in rangebound markets
- risk per trade should be under 1% of capital.
15 min charts
30 min charts
60 min charts
NOTE: in hourly charts, last bar is of 15 min. This is because markets start at 9.15am so last bar is from 3.15pm to 3.30pm.
Recommended trailing SL is 10 bars high or low depending on whether you are short or long.
Positional traders can also consider 3 days support or resistance as SL for short or long trades.
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