This is a channel cross short-term target. The only reason I've chosen Long is because that's the short-term trend.
Ouch. So I was immediately stopped out.
Ok. So a better plan of attack now would be to bounce off that lower line and shoot for the angled-down midline, (which it's now crossed). ...On it's way to my target?
Ok, well I'm disappointed it stopped out, but off the bounce it did directly hit my target, which is good.
BTW, can someone please explain to me why the Risk/Reward seems backward in the chart? If I have a Risk of 2, and a Reward of 3, that's "Risk divided by Reward", or 2/3=1.5 Have they mis-labelled it "risk/reward" when they're really calculating reward/risk?
Ouch. So I was immediately stopped out.
Ok. So a better plan of attack now would be to bounce off that lower line and shoot for the angled-down midline, (which it's now crossed). ...On it's way to my target?
Ok, well I'm disappointed it stopped out, but off the bounce it did directly hit my target, which is good.
BTW, can someone please explain to me why the Risk/Reward seems backward in the chart? If I have a Risk of 2, and a Reward of 3, that's "Risk divided by Reward", or 2/3=1.5 Have they mis-labelled it "risk/reward" when they're really calculating reward/risk?