I can keep posting charts with all those lines and indicators and make this thread look like a trading room.but what is the use of all that.Nobody will learn anything and i don't get paid for posting.
Will discuss only which is absolutely necessary and leave the rest.The most important part of trading is the MONEY MANAGEMENT.
As i pointed out earlier.You can take even less pips than your risk.does not really matter what matters is the number of pips you are taking home every day.
By now you must have seen how i manage my risk by reducing when i have to and increasing when its necessary.
Always my initial SL is 50 pips then i scale it down to my low risk zone and place it.sometimes i just leave it if i feel it doen't need any change for example if the volatility is more.
Will discuss only which is absolutely necessary and leave the rest.The most important part of trading is the MONEY MANAGEMENT.
As i pointed out earlier.You can take even less pips than your risk.does not really matter what matters is the number of pips you are taking home every day.
By now you must have seen how i manage my risk by reducing when i have to and increasing when its necessary.
Always my initial SL is 50 pips then i scale it down to my low risk zone and place it.sometimes i just leave it if i feel it doen't need any change for example if the volatility is more.