Disliked{quote} GM Pedro, I went over the GU orders on Monday, And I'm curious to ask about your MM, if you want to explain a little. Your first long was 1.2359 Then I had a setup for the sell at 1236 that I didn't take, but could have been a nice hedge Did you hedge there? Finally the long arrived at 1.230 How did you manage the 50 pips DD? No SL? Assuming that you added (bigger?) orders for 1% risk and expected a profit of 4-3R, the DD was already close to the entire expected profitIgnored
The idea was to keep adding but so that the DD never went over 1% regardless of the number of positions, in anticipation of bounce.
Basically I had an AB-CD on H1 and added at every extension.
Then I said, if I would take the loss, I would open another long at 1.2259 risking 2% and small stop, single entry.
You do pay attention to detail and that says what kind of trader you are.
There were no hedges, only scalps from those levels to make some while the rest went against me.
I only hedge when in profit between 75-100 pips.
GL
Fibonacci will make you rich
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