Yes, asking another trader for a SL or TP is like asking a professional race car driver how fast you can drive a Porsche through a tight corner without ever having driven a race car. Each trader runs their own race and should have their own strategies. Anil simply provides advice on the race course and how best to navigate the race course. Each trader has to have their entry, exit, and money management strategies already in place before stepping on the gas pedal.
I like the 240 one just because I prefer larger time frames.
I am being more cautious for the next couple of weeks Anil due to so many high News Events.
Don't want to be on the wrong side of the market.
Thank you Anil! I think this one could run in a narrow range around 1.1000 with ATR becomes smaller and smaller before 623 after that there will be a big move. Only speculations put orders before the vote. Big players are all in safe haven or playing the hedge. They are buying VIX and JPY now.
If you don't know where to buy and where to put stop , you should stop trading live. Spend the next couple months learning about forex, choose a method you like, master it , practice it , test it and if you like the results, then use that as your strategy.
I explain something about SL and TP for Anil. First, he's showing us an identify methodology but not a trading signal. Second, SL and TP are NOT fixed numbers, they depend on your risk and your strategy. I think if anyone asks him anything about SL and TP that's saying this one has not had a good strategy, yet.