As you trail the stop loss with the 6 Day RPR, remember to maintain discipline by not moving the stop loss back away from the retracing market. In other words, if you raise your stop loss, then keep it there. Period. ONLY MOVE THE STOP LOSS TO TIGHTEN AND NOT TO LOOSEN THE DISTANCE.
This rule applies to whatever indicator or means you are using to trail your stop loss. Trailing a stop loss means only trailing it behind, not doing the opposite and moving it away from the retracing market price.
In this example of the CHFJPY your stop loss would have been maintained at the previous day's 6 Day RPR low of 116.4480 and not moved down to 116.0888, which is the current days' 6 Day RPR low.
This rule applies to whatever indicator or means you are using to trail your stop loss. Trailing a stop loss means only trailing it behind, not doing the opposite and moving it away from the retracing market price.
In this example of the CHFJPY your stop loss would have been maintained at the previous day's 6 Day RPR low of 116.4480 and not moved down to 116.0888, which is the current days' 6 Day RPR low.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.