So next , we need his stop and his TP
Any other ideas?
can you please repost your last comment
1. Deciding on the current direction (follow KS)
2. Deciding on the entry zone
3. Deciding on the entry signal
4. Deciding on the lot allocation
5. Deciding how to liquidate the position with a loss or with a profit
So always have those by your side as a checklist so you will not enter a trade without doing them
LET IT BE YOUR GUIDE
So never think short until KS says short
Just forget that there is a short in existence until KS says short
I see my job as just finding the best trade within the status quo. So don't trouble yourself with the trend being finished. when it finishes it will kick you out and then you can go the other way
and please feel free to like my charts and the comments
Daily chart shows me retracement in progress.
Hourly chart shows me uptrend going on.
So i will be bullish on 15M chart, and re-enter into market for long position every time price touches KS.
Stop-loss : previous touch of price to KS.
Target : I don't know to calculate that, so i will keep trailing stop-loss. (as shown in 8 slide tutorials of your).
I'm still learning your methodology, sorry if my bullishness doesn't come from your method. I'll try to learn it and get better at yours. Thx for your work and input.
the idea. I don't think that the probability is high of making it without (a) small retracement(s), but it is my TP. I close on retracements and get back in on strength.
I see your point with the 15M not being the best TF for longer price moves, but upto this point, I don't see many arguments against reaching the 0.382 fib.