Disliked{quote} Why would you hold on to a loss that long? I never got that concept. If you have low spreads on GBPUSD (with IC Markets I have about 0.3 pips spread + 0.4 pips commission in a EUR based account), I scalp the hell out of it. If my trade does not work out right away, I let it hit my (most of the time) 5 pips SL, then simply reenter later on if the setup is still valid. No need to let it go down 70 pips. Just let it go down 5 pips, let it hit SL, wait the next 65 pips down, then re-enter if your idea is still valid and youīll just have saved...Ignored
Intraday only.