Dislikedive done some quick scans, perhaps a trailing stop of 12 should be set so when +8 i would lose -4 rather than -12 however, i can't go back and test to see how many of my winners went +8 then back to -4 and then won, thats the problem rejection days and continutation days are definitely the best to trade from. GU UCAD and EG all went +8 today (ucad went +7) - on another day GU would have won... im happy with the level and the SL. fine to accept the loss if i take the aggressive approach (if it was to only happen 2-3 times per month rather than 5...Ignored
staying true to your original R:R of 1:1,
if your TP is +12, and the price is @+8...your TS should be perhaps 4 pips....risk 4 to gain 4...1:1 R:R?
why to risk 12 in hope to gain 4 more?
(of course, there is no certain recipe, i am hoping to help your thinking process.)
there is always, always another trade!!
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