This are the results of trading with this approach. I know we do not discus here another TF other then M15 but still.
I have been taking trades on M5 for early entry all week and set myself a target of 1000 pips. I could not pull of the market more than 500.. and a few more
The sample size is small but I trade this way for a long time.
Contra trend trades at extreme TMA bands and JFC agrees, also.
TP1 10 pips and set TP2 at BE. TP2 no limit. Global SL 1% of balance (never been there). The TP2 is set manually at important levels or let free.
Pity I did not have a runner this week. It is something you would like to see.. I limit the losers not winners.
I have been taking trades on M5 for early entry all week and set myself a target of 1000 pips. I could not pull of the market more than 500.. and a few more

The sample size is small but I trade this way for a long time.
Contra trend trades at extreme TMA bands and JFC agrees, also.
TP1 10 pips and set TP2 at BE. TP2 no limit. Global SL 1% of balance (never been there). The TP2 is set manually at important levels or let free.
Pity I did not have a runner this week. It is something you would like to see.. I limit the losers not winners.
Don't NO-SL and drive! And remember: Always keep your eyes on the trend!
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