Good Morning,
Thank you, Kermut. I will consider your strategy for harvesting pips...it is a sound approach. The fear/greed tug of war that takes place in the heat of battle is an ever present challenge! Generally speaking, I have tried to follow Spud's method of waiting for the 15 or 30 to penetrate the over bought/sold area as my TP or use a trail stop. At the present time, I am trying to stick to my 10-20+ pips as my TP, taking into consideration the volatility of the pair... A hit and run approach that helps my consistency/discipline.
Well, today I woke up to see a strong surge by the crosses. I am watching the retracement of the aud/jpy. Good luck to all!
Thank you, Kermut. I will consider your strategy for harvesting pips...it is a sound approach. The fear/greed tug of war that takes place in the heat of battle is an ever present challenge! Generally speaking, I have tried to follow Spud's method of waiting for the 15 or 30 to penetrate the over bought/sold area as my TP or use a trail stop. At the present time, I am trying to stick to my 10-20+ pips as my TP, taking into consideration the volatility of the pair... A hit and run approach that helps my consistency/discipline.
Well, today I woke up to see a strong surge by the crosses. I am watching the retracement of the aud/jpy. Good luck to all!
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Unus pro omnibus, omnes pro uno