DislikedNice thread OP. But shouldn't you make the same rules for exit?? So you can get more pips? Taking 30-40 pips out of 4 Hr trend is very low reward. You can check about volataility exit using ATR or you can exit on 5/20 MA cross. But very good entry indeed.Ignored
I have asked myself the same question Brb-Fraudin. Basically it comes down to this...if you want more pips out of a trade(say 200-400pip winners) that means your winning percentage usually drops. But if I take smaller winners, my winning percentage went up. This is where each trader has to figure out what's best for him. Personally, I'm rather happy with 100pips a week profit on average. Some people may perfer making more...and that's fine too. To each his own! Cheers!
Also, go back and check out my Post #75...it talks about this very subject.
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