TheStrategyLab.com Price Action Trading Support Forum

Hi, I trade mainly Forex and a few commodities. I am a swing trader with trades lasting 3-6 days, and enter primarily on Daily Charts. My method consists of Daily Candlestick Reversal patterns as bounces off Daily/Weekly Support/Resistance areas. Attached is a chart of a trade I took last Thursday on the EURJPY. As you can see, my Stop Loss was around 200 pips. I am interested in the WRB Tutorials as a way to decrease my Stop Losses without changing my current method, which is already profitable.

Cheers,

Jacques

Hi,

Thanks for the question and chart example. I've now posted the revised study guide that's now version 2.1 (old version was v2.0) after a delay due to family illness (kids got gastro...a stomach flu) on the weekend that left me exhausted until today.

WRB Analysis can help you with your stop/loss problem although there's not a specific section devoted within the tutorials about stop/loss. In contrast, there is a section devoted to profit targets and the information can be applied to stop/loss.

With that said, your WRB Analysis Tutorial Chapters 1 - 3 v2.1 (study guide) is posted in your private thread @ http://www.thestrategylab.com/tsl/forum/viewforum.php?f=104

Best Regards,
M.A. Perry
Trader and Founder of WRB Analysis (wide range body analysis)
@ http://twitter.com/wrbtrader and http://stocktwits.com/wrbtrader

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