DislikedCandlestar, did I understand you correctly that you aim for 5 pips and set an emergency stop of 100 pips? I don't want to critize, just to keep an open mind about others' concept. This would imply you've got a pretty good understanding about the direction you place your trades in, and obviously a win-rate of better than 1:20, right? LDIgnored
the 100 pip S/L is just for emergency cases (drop the bomb, earth quakes etc.), not for your kind of trading for looking for longer runs and setting the s/l to B/E asap.
Yes, I am pretty convinced of my trades, afaik all the calls I made here and on the E/U thread were winners although I had to accept DDs of up to -40 pips. I can´t even remember when I had the last loss, sounds strange right?
The thing I am thinking about is adapting my style to really set s/l to B/E just to go for longer runs.