DislikedHi traderathome!
I have been following this thread to study short term trading, especially trades done by you as one who frequently contributes to the thread.
You have shorted EJ on 3 Oct at 100.883 and closed at 100.578 on Oct 10 for a gain of 31 pips. However, since entering the trade, at one stage it has gone against you by around 180 pips ( peak on Oct 5 th).
My question is whether one can keep a trade open when it is going in the opposite direction by such a large value of pips.
Please explain.
RegardsIgnored
here is what I see on the EJ chart ... I read many of tah posts where he posted the setups. He actually post many setups in realtime but never show the actual trades taken in MT4.
tah use mental SL but never mentioned where his mental SL were placed nor how many pips. I don't know if he traded those setups in live account and what the lot size he trade live. But he trade against the market is not something many traders can stomach with such huge mental SL.
I can't imagine how live traders will deal with such style of trading.
Anyone , live traders would like to share this sort of risk management style.
regards,