Sells posted to the TAP on the AUD/USD at 11:36 ET based on 4 hour double top and Bear Engulfing Candle. I may hold this over the weekend if it doesn’t begin to drop below .9141 today. If we get the move below the 4 hour trend line and .9141 will try to lock break even before the weekend.
Sunday
Feb
12
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My stop is at .9210. The stops that I use are generally 30 to 50 pips based on similar technical indicators used for the entry (trend lined, support/resistance, etc.) However, I adjust my trade size for the stop required in order to stay within my risk management guidelines which are usually 3-5% of account balance on any one trade. So stops should be adjusted to meet your own risk guidelines.
watching you closely Ross and following your every move. Thanks.
Chart image added above.
Also very accurate indicator QQE ADV,used on 1h. and 4h.
Yes the advanced QQE that uses both the indicator on top of price action and as well in it’s own window pane is super – helps greatly with confirmation. Arsen get a hold of me if you can waterskiguy at gmail