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The coin has no memory of what happened the toss before.
How to currency trading book and elliottwave international plus forex trading strategy for maximum profit.
You repeat this simple calculation with each new piece of data.
You may use "programmed" stops if your broker offers them.
How to currency trading book and elliottwave international plus forex trading strategy for maximum profit.
The best way to demonstrate this is with a game.
How to currency trading book and elliottwave international plus forex trading strategy for maximum profit.
There are other combinations of this but this is the most common.
All you need to do is decide what you want to do and select the appropriate box.
Make sure the line does not pass through any bars.