Here are some of the TP levels that I use for the 3 currency pairs I trade the most
EUR/USD (100% at 5Pips...Not really a mover)
GBPUSD (50-75% at +10 Pips....Trailing stop from there)
GBPJPY ( 50-75% at +10-15 pips...depending on prior market energy...trailing stop from there)
As always it is what you feel comfortable with...Honestly I dont mind unloading 100% of the posistion as soon as it reaches TP....but some people like to catch the trend. But with 25-30 pips with this sytem each day, and another 15 or so pips from another system each day...thats 45 pips a day, give or take a little and you will have more than enough to go to the next lvl.
If anyone has a pair that they like, let me know so I can do some test on it and see if The Boomerang is profitable on it, and if so at what settings.
Thanks Nip
EUR/USD (100% at 5Pips...Not really a mover)
GBPUSD (50-75% at +10 Pips....Trailing stop from there)
GBPJPY ( 50-75% at +10-15 pips...depending on prior market energy...trailing stop from there)
As always it is what you feel comfortable with...Honestly I dont mind unloading 100% of the posistion as soon as it reaches TP....but some people like to catch the trend. But with 25-30 pips with this sytem each day, and another 15 or so pips from another system each day...thats 45 pips a day, give or take a little and you will have more than enough to go to the next lvl.
If anyone has a pair that they like, let me know so I can do some test on it and see if The Boomerang is profitable on it, and if so at what settings.
Thanks Nip
Nothing is hard, some things just take more time and discipline.