Disliked{quote} Erebus, I have a question, and I will make an example with the EUR USD. The SL is 400 and the TP is 150. Imagine that I open one or more short positions, following the rule of the 6 hours delay, and then the two EMA on the D1 chart move to long, before the SL or the TP are reached. What should I do? a) Close the short position with a loss (although if the SL of 400 has not been reached) and start to trade long. or b) Stay short waiting for the first of the two alternatives: 1) SL at 400; 2) the two EMA move again to short Till to day I closed...Ignored
The EUR is definitely difficult to trade, as 100 pips had mentioned many, many, many times his favorite pairs and NEVER see EURUSD in there.
WHY? because many other pairs are trending and the EURUSD is not.
So up to you how you trade the method, if you close those trades by system or discretionary.
Maybe lower the pips for TP and SL while in a range situation, until EURUSD begins to trend, or seriously look at other pairs.
Hope that helps, E.
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