cryten, may you narrow me to Spudfyre's way? or that is whole thing?
btw - great trades today (ops.. yesterday ) and noticed possible exit @ cross of T3
pipped 200 pips on 6 trades...Ignored
I take profit at 7, 14 and 20 pips on my early trades in the day. In other words, I wait until I am up 20 pips and set my stop loss so I make 7 pips, then if I am up 30 pips my stop loss is 14 pips and then I decide to either grab my 20 pips or ride the market some more. When it is up 35 pips my stop is set so I take my 20 pips. I am going to trade 4-5 times a day so there is no need to try and capture all 20 pips in one shot, so I chase opportunity.
After that I trade for what I call my pip bank. The 20 pips a day is my core income. If I make 50 pips in a day, 30 pips go into my pip bank. This way, if I have a bad day, can't trade or decide not to trade I take it out of my pip bank.
My pip bank also lends me pips if I go negative. I have to pay my pip bank back on any pips I borrow.
That has worked for me very well, so thought I would share it."