Dislikedhello traders,i have been going through my journal and seen most of my trades had the potential to get more pips than i usually take. my SL=10 pips TP=10 pips I usually end up at BE or with a small profit or small loss at the end of the week. have a question to all pro traders of this system. how do you usually take profits using this system? how do you set profit targets? whats the minimum amount of pips you take per trade? thank you for your answers.Ignored
Philemon, I place my first TP is what some people call FTA (first trouble area). It means I know my TP before trade is taken and this is not just mechanical action. The FTA is S/R , S-D, BRN , everywhere when price can be stoped or turned against me, lowest red level is my FTA in this trade, next levels are my next TP if first is broken.
JacekPreserve Precious Capital