DislikedHow many people have been able to get 50 pips profit before ever going in red less then 5 pips? Seems impossible huh? but that would be a "High Quality" position.Ignored
Shooting for a Static Target without qualifying the pair or session, but a blind range based on a minimum draw, well...it's a waste of time.
Appreciate where price is, the direction it is heading, the possible supply/demand zones and then qualify your trigger to take the trade...
I can typically do this without dipping much below spread...but to guess the range to be 50 every time, absolutely not!!
Ya need to start off with a reasonably precise triggering method, apply it to the charts that you are comfortable with, accept a reasonable risk to draw...then and only then can you try and Guestimate a reasonable range.
The problem with most traders is that instead of taking 5 per day, which is easy...the shoot for 200 per week and end up in the shit...
Don't believe me?
Check out the majority of trade explorers...this will tell you why 95% of all traders lose.
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!