Stop Loss Placement using ATR - Picked this up from @Trader_Dante
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Recently I’ve seen a few here getting wicked out on their setups and price moving the other way (including myself) - it can be hard sometimes to find a good place to place your stops, especially during scalps.1/4
So for this I use ATR to help me get a rough idea on where to place stops - Dante likes to use this technique when he enters on potential SFPs before confirmation but I found this to work for me when I enter trades to not get wicked out. 2/4