Hello,
I was wondering how many traders break there orders up?
The reason I ask this, is how many times do you find that you have not got in at a cheap price and got stopped out and you have not hit your TP.
Total amount to trade 3%
SL 70
TP 140
Instead of entering the whole 3% on your 'your signal' (whatever trading method you use), why not enter 1% on your first position with your fixed stop - now this tends to happen all the time, price moves aginst your entry, lets say 20 pips, then enter the next 1%, but with the same SL and then price carrys on moving against you another 20 pips (40 pips in total) and you enter you final 1% with the same SL as your first entry.
So you should be in a better position.
I think MM is the holy grail - not the system, for me - MM gives you the edge.
Regards,
Vip
I was wondering how many traders break there orders up?
The reason I ask this, is how many times do you find that you have not got in at a cheap price and got stopped out and you have not hit your TP.
Total amount to trade 3%
SL 70
TP 140
Instead of entering the whole 3% on your 'your signal' (whatever trading method you use), why not enter 1% on your first position with your fixed stop - now this tends to happen all the time, price moves aginst your entry, lets say 20 pips, then enter the next 1%, but with the same SL and then price carrys on moving against you another 20 pips (40 pips in total) and you enter you final 1% with the same SL as your first entry.
So you should be in a better position.
I think MM is the holy grail - not the system, for me - MM gives you the edge.
Regards,
Vip