Quoting tkimbleDislikedI have no set limit on the amount of buy and sell orders. The best weeks only require one trade which means you were not stopped out. Most weeks only require two trades. Some weeks may require three or four trades. This satisfies the goal to minimize trading.
Once I am stopped out for the second time, I am trading a 50 pip range. This week is a good example. The following trades occured:
Bought 1.9352 (last weeks close plus 50 PIPS)
Adjusted Sell Reversal to 1.9302 (last weeks close)
Stopped out at 1.9322 (30 PIP Stop)
Sold 1.9302. Stopped out at 1.9332 (30 PIP Stop)
Bought 1.9352 where I currently am
Current 50 PIP trading range is 1.9302 to 1.9352.
As I type I am down approximately 18 PIPS for the week thus far...
Happy Trading,
TkimbleIgnored
You are actually down -30pips (1st stop on buy) added -30pis (2nd stop on sell) plus -18 that you are currently in.... that totals to the -72 pips so far.
LostFX
"All good things come to those who wait..."