Hi Tim as a rule based trader I see that you use ATR to determine your Target and S/L. My question is why is your Target of 1 ATR less than your S/L Target which is x 1.5 ……. ask any trader as a minimum they would say go for a trade of at least an RR of 2:1 with a 2:1 you only have to be right 33% of the time to break even.
Maybe we can make Boeing pay us again. Check out the vid!
Hi Tim as a rule based trader I see that you use ATR to determine your Target and S/L. My question is why is your Target of 1 ATR less than your S/L Target which is x 1.5 ……. ask any trader as a minimum they would say go for a trade of at least an RR of 2:1 with a 2:1 you only have to be right 33% of the time to break even.
Hi Tim, there are 2 gaps on 11 Mar & 8th Apr which may be a resistance. Would you need to worry about this? Tks.