Disliked{quote} You are right duy90 , pyramiding works in a different way and its more dangerous then hedging .Ignored
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Disliked{quote} You are right duy90 , pyramiding works in a different way and its more dangerous then hedging .Ignored
Disliked{quote} I will post trades made with this strategy next week , but you can read it slowly , you will undersand it quickIgnored
Disliked{quote} So it would have not worked on this trade? {image} I set out a scenario where I have 1000 Dollar account risking 7% of the account because you said to have 7 x lot USDJPY Since I was bias for Sell this trade I would put 4 lot on Sell & 3 lot on Buy Price moves to my favor of 30 pips I will close 0.4 lots of Sell (120$) + 0.1 lot of buy order (-30$) [Profit earned is 90 $ = 90 pips) Now it depends on the next move what this currency does - It continues down, which means I have to cut my losses. What I have left is 2 lot of Buy orders, we...Ignored
Disliked{quote} Well , market ranges most of the time and thats the edge of this strategy because of his big risk reward , i dont understand the part when you say you used a 6 sl , why ?Ignored
DislikedHow do we know when to close the first trades is it a given number of pips or is it when we think the trend might have an retrace so we can win on the remaning positions ? Also when we close the first positions can we open new ones to keep us from losong ? Best regardsIgnored
Disliked{quote} 1- You can use a fix number of pips and you will be profitable on the long run because of the risk reward 2- No , dont open more , it will increase the riskIgnored