Oh, that's different story then. When I was referring to "tight stops" I meant the principle of cutting the trades going against you quickly, doesn't matter with use of "hard stop" or manually.
One other indication was the momentum on 1 minute was strong,if I had put in a stop of less than 15 I would have been taken out of a good trade. 20 pip works well for me.
We now have a double bottom and long at 1.3148 stop 20.When price retraces to previous support ,it is a confirmed support.
Dr Cornelius want to go long at 1.3160 because there are a lot of short stops above the price and we want to get them running and buying
A cup and handle formation on Euro /usd http://www.investopedia.com/terms/c/cupandhandle.asp#axzz1kUA1UiuP
For these 2 posts, I had a question: ... 01-26-12 04:02 AM We now have a double bottom and long at 1.3148 stop 20.When price retraces to previous support ,it is a confirmed support. 01-26-12 04:43 AM Dr Cornelius want to go long at 1.3160 because there are a lot of short stops above the price and we want to get them running and buying ... Did you go long at 1.3148 or 1.3160? Or both? It looks they were both would have worked out, and what was the exit? thanks
I went long on both and came out at 80 on one for+ 32, second at b/e or 1.3160 b/e. First exit was a mechanical target of 30/stop 20.