DislikedJust to add my two cents to the discussion on taking reversals, I know for me personally my results improved a lot when I tightened up that part of my trading. When you go through the eo thread and read about the 2k pips weeks and the huge trades they get when they pick the top or bottom perfectly its very easy to get a little blindsided, and start to see and expect big reversals trades everywhere and expect that each week should bring in pips by the thousands. At least that has been the case for me in the beginning and I'v always struggled with...Ignored
This isn't taking anything away from the enormous pip totals, but I think it just helps to put it in perspective -- if you're willing to let a small portion of the trade run, you will tend to get a huge amount of pips. We are obviously after the account growth not the pips.