Reply To: How should I be read these charts


Djamal, what do u suggest our SLs be when for example we get “expensively” into a short where we perceive that the SM has a clear target to clear some DM stops lets say 100 pips below but we dont have any stops higher (so we place our stops above those sls) or any indication that could make us think that we found our smart SL place.
SHould we think of it in terms of Risk reward and maybe put our stops at 50 pips above, so we keep a 1/2 Risk reward or what would ur suggestion be in cases like this?
thanks !

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