Ouch! Sell Trade filled and Stop Loss filled: -25 pips. I'lll cry again, tonight. Oops! I meant TRY again, tonight. LOL
I currently trade 3 different breakout/straddle systems with three different currency pairs, and differing boxes, entry points, SL's and TP's. All have suffered basically the same fate, during this ranging market.
Not to complicate matters, but I think it would be helpful if we utilized some sort of filter to help us stay out of ranging markets. Last night's box range was only 68 pips tall. Maybe we could backtest to see what the box height was for winning trades. Maybe anything either side of 80-120 pips should be avoided?
Your thoughts, Maya and Micro?
I currently trade 3 different breakout/straddle systems with three different currency pairs, and differing boxes, entry points, SL's and TP's. All have suffered basically the same fate, during this ranging market.
Not to complicate matters, but I think it would be helpful if we utilized some sort of filter to help us stay out of ranging markets. Last night's box range was only 68 pips tall. Maybe we could backtest to see what the box height was for winning trades. Maybe anything either side of 80-120 pips should be avoided?
Your thoughts, Maya and Micro?