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50 % or 61.8 % retracement ?
to everybody
Which retracement level would you use to enter a new position with the trend, when I set the stop loss at 85 %.
Perhaps somebody already tried it out with Metratrader.
In other words is it worth to set an entry position at 61,8 % retracement and have less PIPS to loose but perhaps also less times to enter winning trades or is 50 % the better entry because it's touched more often.
Thanks for your answers
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