DislikedJust curious...and trying to understand...if you trade ej and gu and the spread is roughly 4pips. You are already in the hole -4 and then price can only go a max of 9pips against you before you take the loss? Am I understanding that right? Seems pretty tight and that you'd have to have just about the perfect entry to keep this from happening on most trades right?Ignored
yes, u r right. when trading the shorter tfs, i also think the sl should not be so tight. but much also depends on your acct n postion size. while most would adhere 2 the 2% risk per trade relative 2 acct size. i think it's discretionary n up 2 your risk appetite.
edge just throws out the nos which he thinks is appropriate. but still is up 2 the individual trader. if your acct size is big enough 2 accommodate a bigger sl. then you can certainly set a bigger 1. thanks