Disliked{quote} It surprisingly has happened. Search for it on YouTube and you will see a sad video of the sneak eating itself. Took a trade entering resistance. Had a drawdown of ~30 pips for a current gain of ~14 pips. Could have been much worse. I'm lacking the experience trading this system to keep my trades open long enough to have the substantial "barrel of pips". To the experienced traders out there, what have you found your average holding time to be? {image}Ignored
Not an experienced trader trying to become one. So I will try and answer. He did not use stop loss or take profit. Advised that members place S/L at the HH or LL post#495
I am not using stop loss or take profit. Got burned many time's. (0.01 micro account live not much burn). I use trailer stop and when the trailer stop is activate I leave the trade alone. Few time's the trade when up to 9, 12 bar's on H4. Once it when't up to 21 bar's on H1.
My biggest problem is interfering with the trade. === I don't leave the trade alone === Close the trade when I get afraid only to see it goes in to a massive profit or adjust the trailer stop to close.