Quoting minuteDislikedboth entries look correct, but now we get into the area of should you let the trade reverse on you. Mouteki in one of his powerpoint presentations closed a trade early, I believe since it stalled = thus protect pips gained at the expense of hitting the target. Perhaps some discretion is involved here.
I recommend anyone view that powerpoint for themselves rather than take my word for it, just in case im wrong.Ignored
The thing is, if you observe his trades, almost all are very clear-cut winners. When it broke, it broke - using hindsight, we don't even need a stop. Yet is there any trick we can use to filter those bad trades?
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I am JuMPeR.