Seems that your profit target is often as big as your stop sometimes smaller as in picture of last trade ?
Best regards
Best regards
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DislikedSeems that your profit target is often as big as your stop sometimes smaller as in picture of last trade ? Best regardsIgnored
Disliked{quote} I see in the market today, at usd jpy prices actually down. indeed although there is a tendency prices will rise, therefore need to be given a stop loss. I think this flag pattern is good in the larger time frame, is'nt it?. By the way I like this thread coz very simple and easy, and clean chart. very niceIgnored
Disliked{quote} Hi Darshanag Money Management: My money management rules are based on scoring system i have for my trades and generally i use between 1-3% of my trading balance per trade. My systems are based on 4HR Daily and Weekly charts so I focus on cutting out the smaller time frame noise as that was originally my major fault when it came to pattern/price action trading. Take Profit Stop Loss: When you trade patterns such as flag pennants etc you will always have hard and fast stop loss areas. I like to place them below these patterns but also draw...Ignored
DislikedHi Guys Still Trading just not to many setups over the last week/ staying out of the news's way. I Closed the USF CHF at 80% of the length right near the top. Closed the USD JPY when it came back through at break even due to the pattern taking too long and have now entered an AUD USD long as you can see in the example below. Current Positions are AUD USD LONG and EUR USD SHORT which i have added too in my long term portfolio. {image}Ignored