All seniors fellows
I am trading 3 minute tf and my issue is when markets trend strongly and doesn't make mpl repeatedly and instead runs smoothly without mpl I have very difficulties in trailing the stop loss.
Please guide me in this regard, thanks
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Pl understand the reply in the context of ur 3min timeframe
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1] why u have chosen 3min? why not 5/10/1/15/30- the timeframe u choose where u can guess next bar formation from ur experience.
2] how u define trend continuation in that time frame?
3] r u use holding of pivot or breaking of pivot as technique of entry?
4] If trail stop is difficult ,why not book profit by %
5] u may choose Early reversal comparative for booking profit.
mpl is not making = strong strength ,use it.
u may go to 10 min ,where i can see and undestand what price is telling(i have no ability below this). u should do mechanically for 3 min with std market order ,where if u keep price on a line, order shall be executed immidiately.
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hope u may find useful