Trading is as simple as 1-2-3
GBPUSD +5 and +10 {image} I am using a slightly altered version of trade management. Instead of moving to BE+1 after reaching 5 points. I close half my position at 5 points and move my stoploss to -4 below my entry. I let the other half of the position on for a higher target
{quote} Hi Hal7, how many pairs do you follow ? is manual or with an EA ? Thanks.
{quote} @Hal7 how do you manage your trades ? Take profit at 5pips or do you have any other trade managing rule ?
{quote} A similar pattern for myself. You may have seen me lurking for a few days now - am through the first 100+ pages and giving it a shot now. First LO practice trade this morning on EU. Got +5 then stopped out, so waiting. I'm stu BTW....hello, and thanks for time & effort of contributors to date....this thread has attracted me back for a final try at this game :-) {image}
{quote} If you read the thread you will see this discussed often. I vary this a lot and change my approach from time to time. Generally I take a percentage off at +5 why you see me say +5 locked. Then sometimes I will move my stop to BE, or sometimes I just leave it in place. I have never been much of a BE +1 fan because more often then not I see those stopped out quickly.
{quote} Welcome to the thread, Stu. Glad you have found your way here. You won't regret it, believe me. Some have said it's quite a quiet thread, well yes, I suppose so, as it has been a long time since there have been any annoying trolls pass by, lol. Instead, what we have here is a small, tight group who just get on with trading the method. In fact, I can say that I have friends like myself who still trade it successfully but don't actually post that much - some not at all. Hal is the perfect success story, as he has shown the full process in...
{quote} It is a serious answer in a jokey form. Once you have the rules and entries down pat, it becomes a question of what you do next and through the life of the thread, you will see that this is where so much of the serious work comes in and is discussed in some depth. It's all about maximising your return once the trade is running.
{quote} Got it
{quote} Well, those who know me, know that I don't trade Fridays for a start
- when I popped back onto FF last month after a few years hiatus, and read some of my old posts, I was thinking exactly the same thing!