DislikedNormally EU will move 50+ pips in one direction so my TP1 will be 50pips (unless pullback) and TP2 will be unlimited until pullback or close of London. EU was so obvious both today (short, even with m15) and yesterday (long). Anyone shouldn't miss that.Ignored
good point .. 50pips move. I take note of this.
for my intraday trading on H1, I use M15 to time my entry for that small initial SL of 20pips.
20pips being my R, I place 2 positions of 1% each.
The first pos will exit at +1R and give me my 1%return while I protect the other pos at BE.
I do it this way and it is quite stress free so my main focus in in the setups and the timing my entry in M15.
I use a trade manager EA to manage these trades and I am free to look at other things and write post in this thread. LOL.
Win-rate has been improved using this method of entry and exits.
regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett