Disliked{quote} Totally got you... Thanks... But why not taking GA today... I got it for +28 pips as you can see on the chart... my reasons were: Good H1 cross H4 stepping down Good M15 momentum Enough space to run it What were your reasons for not taking it & weren't my reasons compelling enough? And regarding my exits, I exited at 1st & 2nd as shown on the chart, if I exited all at 1st for +28, there wouldn't be any stress during that huge retracement. Even I could decide to close the remaining half with a small loss in the retrace!!! I mean do you think...Ignored
What's more, if you do some TA, you'll notice that H4 hit against the .618 fibonacci level, but price is still reluctant to turn down, and besides even if it did we'd have to put up with the demand area right below, where yesterday's low is at. Too much of a hassle for me
As far as TP goes, I enjoy a 50 or 100 pip TP. I'm still working up the nerve to leave trades running for 100 pip targets, so far there hasn't been much opportunity for me to enter such a trade. However, I knew it would be painful to get 50 off this morning's setup so I just decided not to do anything. That being said, in hindsight I would have been taken out at b/e anyway.