DislikedOkay, first the good. I managed to make myself stay in a trade for more than 1-2 pips! haha. I grabbed 10.9 off this one.
Now the bad. Looking at the chart, my exit is obviously still pretty lame. I decided to exit when the flame broke the 165.40 mark. Looking at the chart, I left zillions of pips on the table.
This trade was from 9:28AM to 9:33AM EST.
Any suggesstions? I'm learning, slowly, but I'm learning.Ignored
Quick,
Everyone develops their own different criteria for entry and exit...
The absolutely critical thing is that you have a plan and stick to it...
If it is taking the first +10 pips every time, that is fine, as long as this is part of your plan...
You will find out what you are comfortable with fairly quickly.
[I currently use a combination of flame breaks of the spine and pivots - it depends on the situation at hand]
Magnus