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- Plip replied May 31, 2007
That's an excellent point. If you risked 15 pips when you got into a trade and you hoped to get 45 out of it, that doesn't mean that you don't close out at whatever point the market tells you to. You have to be flexible--not subjective, but ...
- Plip replied May 31, 2007
I don't think there's anywhere near enough reason yet to think the trend has reversed. I defintely wouldn't get bullish and go short for more than a few hours. That's not to say the market won't retrace even further than it has this past month. For ...
- Plip replied May 31, 2007
It's so easy to make money in these markets by simply going with the flow--that is, following an existing trend. Why even bother trying to influence the market? It seems to me this is exactly the mindset Mark Douglas cautions against in "Trading in ...
- Plip replied May 31, 2007
The issue is really expectancy. Given a large enough sample of trades, what's your average return going to be? If your trades are successful 50% of the time and your risk reward ratio is 3:1, and you're risking 10 pips to make 30 on a typical trade, ...
- Plip replied May 30, 2007
I wasn't sure what he was asking at first either, but if I understand correctly now, he's asking what how many lots you should trade, which will then determine how much profit or loss you incur per pip. Here's a somewhat simplified version of what I ...
- Posts by Member Search: 'Plip'