Disliked{quote} Hello Ken, Congratulations then! And wish you more green pips! I must say here my 2 cents about "no drawdown" trades. We all probly agree with that they are best trades we can take. BUT they are also sign on big momentum For me no-drowdawn trade almost always means that i will close it on TMA M5 or TMA M15 And also opposite -> If my trade goes into drawdown, i focus on closing it at the TMA M1, and I'm always ready to close it with small profit or small loss even before it touch TMA M1. It is because for me drawdown means that the...Ignored
That's an important hidden aspect that you can only grasp from experience. If price moves in our direction without a DD, it hints a good momentum so we can expect to take profit at M5 or M15 TMA.
Thanks for sharing that experience.
1 question though: you said if you had a drawdown:
"i focus on closing it at the TMA M1, and I'm always ready to close it with small profit or small loss even before it touch TMA M1"
Do you mean you focus on closing at the TMA M1 as the target price? Or do you mean the if price goes against you and hits the TMA M1 you close it immediately at a loss (i.e. if you buy, and price goes down and hits tma m1 lower border)?
I think you meant the first... right?
And yes indeed, we all agree we should not wait for the 15 point SL to get hit.