I'm having trouble figuring out how far away my stops & targets should be. How far away should my stops be for each p on the daily hourly 2hr 4hr charts? How far away should my stops be for each p based on their volatility figures?
I trade:
EUR / USD
GBP / USD
USD / CHF
USD / CAD
AUD / USD
USD / JPY
EUR / CHF
EUR / JPY
GBP / JPY
EUR / GBP
NZD / USD
I recently discovered this site (with avg daily hourly volatility) but how can I use this info?
http://www.mataf.net/en/analysis-volatility.htm
I like to check my charts 2-3 times per day. What rule of thumb can I use for targets?
Thanks. I love this forum!