Disliked{quote} Trading short term, there's a lot of profits to be made. But the problem is the frequent small dips that breaks short term expectations, but not the long term ones. These small dips could easily be 40 pips to 60 pips. Setting SL based on LTOF - a) Holding on to such dips is very - very painful. - b) And if the long term trend reverses, then its easily 100 - 200 pips of losses. Setting SL based on STOF - a) If stop loss is set for the Short Term OF, then it tends to hit stop loss all the time. {image}Ignored
If you fail to plan, you plan to fail.