Hoffi - is rr part of your trading strategy? Looks like 3:1
Alpari demo account, is it in real real time? 26 replies
My last journal (I'm for real this time) With live calls. 6 replies
DislikedIt is part of it, sure. But I try to close parts of the position as I did with the AUDCAD trade (+7 close half of the position).Ignored
Disliked{quote} The problem with this approach is that the trader loses twice as much when the price hits his stop and never reaches his initial first target. I also try to liquidate 50% of my position after X number of pips but only if I am convinced that the trade could reverse on me at anytime (when the price is about to hit some nearby resistance for example).Ignored
Disliked{quote} Reducing stop to 30 pips. GBP/JPY is still trying to break through the 177.50 resistance.Ignored