Disliked{quote} The GBPAUD trade was just last week -- should be Tues March 3 - Fri March 6 -my error. High was 1.9719 low was 1.9299 = 420 pips 420 x 15% = 63 pips buy entry was 1.9782 (1.9782 + 63 = 1.9782)) stop loss was 1.9257 ( 420 x 10% = 42 pips ---- low was 1.299 - 42 = 1.9257) so 1.9782 - 1.9257 = 525 I am not using calculator (cannot download it --and doing by hand ) -- let me know if you see an error -many thanks.Ignored
Also what are you using for your entry and stop loss?
You mention 15% entry...if so, then GBPAUD should not have triggered last week for you (it didn't for me).
e.g. I'm using 15% of range for entry and 50% of range for SL.
Last week's range was 1.9774 to 1.9297 (476 pips).
Long entry was at 1.9845, short entry at 1.99226.
Price extremes from Wednesday was a high of 1.9675 and a low of 1.9289 - well within the trigger points.
Even if it did lose, the loss would have been 309 pips max (not that pips are any indication of profitability).
"Pips are vanity. Profit is sanity."
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