It's all 'bout positioning and order flow. https://www.efxdata.com/insights/585...a7c79ffa0.html
Big Picture Money Management 4 replies
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DislikedThe result of a trade depends on the position management rather than the set up we use for entry. This fact is difficult to be understood for most of the traders and that is why they lose money. In this example you can see how I use my STE set up for scalping. Today the market was going nowhere and tha is why I prefered to take small profits with very little risk. This position was with 4 pips initial stop and was closed for 5 pips profit after 3 minutes. {image}Ignored
Disliked{quote} Rollover the trade like a hedge and until it takes profits like arbitrage.Ignored
Disliked{quote} "Hedging" of losing positions is absolutely wrong strategy. Use stops and limits. Plain and simple.Ignored
Disliked{quote} I don't use stops, there's no need for stops playing the low-risk end of the forex when I trade on a daily basis. The position wasn't losing more than the spread when the hedge was made.Ignored
Disliked{quote} You'd better learn to use stops. However, the choice is yours eventually.Ignored