Hi Prf Frm,
Very good. Yes I take your point.
If your basket remains no higher than 3 entries you will be below the self imposed 0.10 set lot trade and better positioned to profit.
You could also use fib increases as your spiral as 0.01, 0.01, 0.02, 0.03, 0.05 = 0.12 lots only
and get 5 trades in the basket (instead of 0.31 on a martingale at a basket of 5).
Should price run further away and you increase your martingale to 8 trades then you would then have 2.55 lots in the trade, and margin would be tested.
So 3 sounds good. Yes.
This is trade management and is the most interesting topic when a trader gets past what METHOD they use to select a trade.
Thx again Prf Frm.
The big take out for me from your offering is - TIMING.
That’s my Achilles Heel at this point in my FX endeavours. And I will work on that & fine tune it.
Cheers
Very good. Yes I take your point.
If your basket remains no higher than 3 entries you will be below the self imposed 0.10 set lot trade and better positioned to profit.
You could also use fib increases as your spiral as 0.01, 0.01, 0.02, 0.03, 0.05 = 0.12 lots only
and get 5 trades in the basket (instead of 0.31 on a martingale at a basket of 5).
Should price run further away and you increase your martingale to 8 trades then you would then have 2.55 lots in the trade, and margin would be tested.
So 3 sounds good. Yes.
This is trade management and is the most interesting topic when a trader gets past what METHOD they use to select a trade.
Thx again Prf Frm.
The big take out for me from your offering is - TIMING.
That’s my Achilles Heel at this point in my FX endeavours. And I will work on that & fine tune it.
Cheers
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