Lenoxer,
Great ideas. I like to keep my trading as simple as possible, though. Bascially what I am doing is moving my stop every 50 pips as oppose to waiting 100 to make the first move past +10. At +150 pips I would move from +10 to +50. You are correct everythng (currencies, housing, political views, world tempertures) eventually resorts back to the mean. What that may be, I do not know. If some one wants to forward test these exits let us know.
Pete
Great ideas. I like to keep my trading as simple as possible, though. Bascially what I am doing is moving my stop every 50 pips as oppose to waiting 100 to make the first move past +10. At +150 pips I would move from +10 to +50. You are correct everythng (currencies, housing, political views, world tempertures) eventually resorts back to the mean. What that may be, I do not know. If some one wants to forward test these exits let us know.
Pete