However sometimes I open trade without SL, please bare in mind, that my mental stop loss is never lower than last 30M low, or approx 10 pips below it if it's too close.

However I would never let my position to fall lower than 50 pips.

I'm trying to move SL to BE as soon as I close first part of position or sooner.


For alert i use 4H candle, but for exact entry I watch 1M chart.

For stop adjustment I use 1M tops or bottoms break-outs than whem left with last chunk of initial position I adjust stops more conservatively by using 30M chart, fibs and weekly pivots.