Hi Bob and all.
Ive been looking at the EURGBP. It doesn't move much and its one of the pairs that could slowly drag you in to a death trade, because it doesn't retrace much either (see average daily range below, even with global turmoil it's only moved 10 to 20 pips more than normal ) so on my demo (100X125) I have changed the settings to TP 50 Pips 65 SL 500. I'll let you know how I get on.
I also appreciate anyones thoughts on this, have any of you made changes in a similar way?
The Friday trade closing is a tricky beast as well, how do you go about this process
Cheers
James
Ive been looking at the EURGBP. It doesn't move much and its one of the pairs that could slowly drag you in to a death trade, because it doesn't retrace much either (see average daily range below, even with global turmoil it's only moved 10 to 20 pips more than normal ) so on my demo (100X125) I have changed the settings to TP 50 Pips 65 SL 500. I'll let you know how I get on.
I also appreciate anyones thoughts on this, have any of you made changes in a similar way?
The Friday trade closing is a tricky beast as well, how do you go about this process
Cheers
James