DislikedSHORT opened at 2:01PM PST
2 LOT: 1.3440
SL: 1.3490
TP1: 1.3410 (-30) TRADE CLOSED +30 pips 5:42 PM (SL moved to B/E)
TP2: 1.3400 (-40) TRADE CLOSED +40 pips 6:13 PM
TOTAL: 70 pips $700 USD
GEESH! SHOULD-A TRADED FOR REAL! :-) There will ALWAYS be another trade!
Regards, K
http://www.forexfactory.com/attachme...1&d=1187228184Ignored
And for TP levels..I understand that SIMPLE was created with certain SL and TP levels. But also I understand that SIMPLE as any other system here is to make you profitable and end up with positive pips. So if you feel comfortable with 30 pips in profit - that's very good, close you trade and be happy for today! Don't say that SIMPLE told me to hold until 100 pips in profit but the market reversed and I got -180 pips loss! Once again SIMPLE is here to gain nice pips for all of us and it has recomendations for TP and SL levels but you have your head on the shoulders so think for yourself - is it better to have 30 pips in profit and be happy or should I risk more and wait for 100 pips to come? 30 pips TP >> 1 standart lot >> 1 pip = 10$ >> position is opened with 2 lots >> overall 60 pips in profit >> 600$ USD in just one day, one single trade..Look in my country average salary is 300$ a month! I'll be happy enough to get 600$ in 1 day! And I know that market will be here till the end of my days so no need to be in a rush and risk too much! 30 pips are 30 pips and that's a decent money.
So guys think yourself what are appropriate risks and rewards for you? And follow these rules!
Good luck for all of us
TheThing