Why the initial stop loss should be the low of the opposite candle from your entry candle(for short it is opposite candle's high).
Most of the time the price goes back to test the immediate lowest point it made (which act as support), in BHP we see how it works. If we enter a long position after the 4th candle then our initial stop loss will be below 4th candle.
Most of the time the price goes back to test the immediate lowest point it made (which act as support), in BHP we see how it works. If we enter a long position after the 4th candle then our initial stop loss will be below 4th candle.
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