Hello everyone
This is my trading journal..Just a place where I can post my trades and discuss why I take them..
This is my trading journal..Just a place where I can post my trades and discuss why I take them..
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Dislikedmy bad spike... I was looking at that today.. It doesn't trail I move my stop to +20.. So if I'm up +25 +30 Once my target is hit I quickly move my stop.. I'm always at my charts so 90% of the time I don't place a stop.. If I think the trade can carry into the next session I put a stop at +20 or I'll move it to BE +1. I never let a winning trade go bad... Sorry for the confusion.
Yes I could show a live example.....Ignored
DislikedYes much more sense, actually I used a similar strategy, if the break occurs, and I'm 15+ I close 30% of the position and move SL to BE+1 and let it run, I have found that most of the time even if is a fake breakout, the market moves at least 10-15 pips. The problem is the SL, I think 25 is a bit to high.
On gpb/usd from your experience can I shoot for 20? The market moved often to 15 and goes back? I think on cable if you move your SL to 20 when you are 25+ you'll be taken down by the noise and you'll miss the big moves.Ignored
DislikedLooking forward to this. Are you gonna be posting charts?
Anyways, I'm just subscribing to this thread so I don't miss the action when it starts.
Best of luck to you.Ignored