OK! But from the example you provided, IMHO it is not quite clear how you calculate the volatility. It rather seems as if you entered on a retracement and set your profit target at the prior swing high and measured the distance between your entry and target and subtracted this from your entry as your stop loss ... is that how you do it???
I'm a professional financial trader, living in Ösiland-Germany-Switzerland-London and working for hedgefunds in Switzerland and Germany. This is a blog about my private trades.
More information on the initial posting
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Hey Notebooktrader,
would you be so kind and elaborate on your trade management on this trade ... i.e. stop loss placement and profit target?!
This is being greatly appreciated!
I timo
stop loss - profit target is mostly the same as explained in the my strategies - exit posting.
stopp is 1R = 1 volatility and so is the target
OK! But from the example you provided, IMHO it is not quite clear how you calculate the volatility.
It rather seems as if you entered on a retracement and set your profit target at the prior swing high and measured the distance between your entry and target and subtracted this from your entry as your stop loss ... is that how you do it???
Thanks for clearing it up!
maybe you could provide us with a chart (USDCHF) where you have marked the significant points for us to clarify this?!
that'd be great
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