Quoting hun83DislikedHey Diallist & Lou ,I'm walking in the same shoes as you are....a +5 pip trade I will not turn into a looser,just to watch running a other 20 pips (but I'm already out),but even before you sit down at your computer you have to know what you want to achieve...
I trade 4 pairs(more/less correlated) & bite out 5-15 pips of the market it's all I need(4/5=20),so don't be sorry if you get stopped out...we all have to realise we are not prophets,even my ex country man Soros lost millions ,predicting one year earlier the .com burst.....but hey he is still around.
You James really shocked me with 15 points stop/loss(it's too tight ,brother),I use 30 pips mechanical(will kill my trade)30 pips is enough to me to prove,I'm wrong .....I consider 15 to tight(just on other day I opened at the end of Asian to watch for 2 hours not even hitting my break even & going 15 against me & exit at +3)
This is my 2cents ,guys ....
All the PIP's be with youIgnored
Which four pairs do you trade?
On what time frame do you use your 30 pip stop? Hourly? Wouldn't you have to make it large on the Daily?
Is your 5-15 pips per trade or per day?
What do you mean by (4/5=20)?
Hope you don't mind answering. Thank you.
Dial
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