Disliked{quote} hi billyt, thanks for sharing your trades. One thing i want to say is that looking at the chart after the fact, you cant know if the trade would hit the TP first or SL first. it is possible that the break of (say) low happens, it retraces before it reaches 5 pips target and hit the 10 pip SL and them comes back to original target. Do you have any way to try to reduce these occurrences? thanksIgnored
Hello stt and welcome, correct I have no idea but I am good at getting out of bad trades.
Last time I looked having a 20 pt stop loss and take profit of 10 , you have an 80% + chance of being good.
Money management goes out of the window. So the odds of getting 5 is good. and on a day like Wednesday where we had a daily inside bar, weekly high was broken we had an excellent chance of e/j making a lot of pips up to the next level....
Like I say IF I get a trade go against and they do I will counter trade until it is good, Not as easy as it seems but it is the 5 pips, and people can live off that,
SEE LINE,TRADE LINE..PRICE HAS TO GO SOMEWHERE,,, PRICE WILL GO SOMEWHERE.