I've got a new signal from my setups going short on EURUSD
. As long as price doesn't "close" above my stop level I'm in for the ride. The breakout of the level shown as per all of my idea's is a price indicator and tells me which direction the price is heading in. Stop loss is the opposing breakout line (black).
Since my setups only work with a 1:1 ration I try to get in after break and a retracement has occurred to reduce the ratio.
Additionally I often get out at T1 with a view to getting back in later as there is often a retracement around the T1 targets. Check out my other idea for examples.