DislikedWhat one can do is when the PB is counter trend u can risk less of what u wud risk usually. so suppose if u risk 2% in a "normal" trade, then when PB like the one in usd/chf shows up u can risk 1% of capital. btw r u still in the trade or did u exit? i think trailing sl in + pips wud be the way to go. with so much 'bad" us news u never know when stocks r gonna turn around.Ignored
My risk is the same on every trade 1%. I don't care if it is with the trend or counter trend. If it meets my criteria then i trade it.
I am out of the USD/CHF trade now as i had planed to get out at a certain point based on returns so that i could archive my monthly return goals.
It is important to just follow the plan and let the rest take care of itself as i have discovered that if i think now the news is bad it isn't going to work so i dont trade it it normally takes of like a rocket.
I believe trading is all about having a statistical edge. for that edge to work properly you have to trade the same every time.
Enjoy
Ademac