Quick 1:5 RRR I believe in keeping my S/L just below the previous break of resistance as if price was to break below it will keep doing so. So having a tight stop loss is beneficial for larger gains and identifying if price goes below that area it will keep going. Bare in mind market manipulation is a thing so don't change your strategy if your stop loss is hit even though you feel like your trade setup was perfect.
Yorum:
Do not take this chart as an example its very messy and was only used to show some trades i placed over the week.