...i've been finding the 138.2 fib extensions from the 1 to 2 swing are respected more often than not from these 5min set-ups, so i've taken half off there and moved stops to breakeven...i guess this decreases the chance of price reaching the 1:1 target before being stopped out.
edit: 12:49 - hasn't reached 1:1 tgt yet, but i'm out with half stake taken off around 12 pips, the remainder exited at breakeven...GU is developing a long on the 5M now...edit: GU long now void.
I'd be v interested in what the more experienced guys think about this kind of trade management on the 5min?
edit: 12:49 - hasn't reached 1:1 tgt yet, but i'm out with half stake taken off around 12 pips, the remainder exited at breakeven...GU is developing a long on the 5M now...edit: GU long now void.
I'd be v interested in what the more experienced guys think about this kind of trade management on the 5min?