I am considering H4 charts approach:
1. I can spare additional time for monitoring the trades
2. I prefer a bit narrower SLs. 1600 sounds a bit too much for me
Regarding EURUSD. It seems to me that the signal for LONG is when there is a green bar after three red bars in the trigger indicator -- so the signal occured three days ago. Maybe with the daily time frame it doesn't really matter, but I'd rather jump on the trend when it starts.
Right now I am on a standby and I will wait for a new signal. |