This is the AUDUSD trade I took last night. As of 1830 of 12/14/2012 ... when I came home from work ... this pair continued long for some nice pips. The market closed on me with +300 pips as of this writing.
I was wondering what TP levels you guys are using for the 1 hour time frame? I think I have found my time frame of reference for trading as I tend to only use 20 pips (200 pips 5 digit broker) as hard stop give or take a few. I have been debating on just moving the SL to BE + spread and let the trade play itself out and just opt out when I come back to the computer; or just have a pre-determined TP level. Don't be greedy is what they say. There is always another trade you can patiently wait for.
1:2 R/R ratio or 1:1.5 ??? OOOHHHHHH the pressure !!!
I was wondering what TP levels you guys are using for the 1 hour time frame? I think I have found my time frame of reference for trading as I tend to only use 20 pips (200 pips 5 digit broker) as hard stop give or take a few. I have been debating on just moving the SL to BE + spread and let the trade play itself out and just opt out when I come back to the computer; or just have a pre-determined TP level. Don't be greedy is what they say. There is always another trade you can patiently wait for.
1:2 R/R ratio or 1:1.5 ??? OOOHHHHHH the pressure !!!