DislikedCame across this video and wanted to share it here with all my friends. Apply the concept to FX. This describes exactly how I've always handled TP and SL. Use an ATR based R/R with a manual trailing SL for TP, and a hard initial SL. Doesn't matter what TF you use to trade. Concept is the same. Cut your losses and let your profits run. Don't double down, hedge or try to lower your cost average. Cheers http://www.youtube.com/watch?v=kY9n8EQqs7wIgnored
Nice one MK. I've subscribed to their YouTube channel.