Hi Steve,
I've been doing your system this month and I did something different last week. As my position goes my direction, I added my position depending on the strenght of the trend. Last week I have long positions on GBP/USD and GBP/JPY. Like what you do, I adjust my stop loss according to technicals. Sometimes my stop loss on GBP/USD is 200 pips due to volatility during a big news. Last night I adjusted my Stop Loss GBP/USD to 1.9660 and GBP/JPY 238.55 Here is the result:
GBP/JPY If my stop loss is hit at 238.55 Then:
2 lots at 232.36 = 1238 Pips (619 x 2)
1 lot at 234.05 = 450 Pips
1 lot at 235.22 = 333 Pips
1 lot at 236.42 = 213 Pips
1 lot at 237.32 = 123 Pips
Total = 3038 Pips
GBP/USD If my stop loss is hit at 1.9660
2 lots at 1.9474 = 372 Pips (186 x 2)
1 lot at 1.9566 = 94 Pips
1 lot at 1.9641 = 19 Pips
1 lot at 1.9677 = -17 Pips
Total = 468 Pips
Are you doing this too?
Regards,
Rick
I've been doing your system this month and I did something different last week. As my position goes my direction, I added my position depending on the strenght of the trend. Last week I have long positions on GBP/USD and GBP/JPY. Like what you do, I adjust my stop loss according to technicals. Sometimes my stop loss on GBP/USD is 200 pips due to volatility during a big news. Last night I adjusted my Stop Loss GBP/USD to 1.9660 and GBP/JPY 238.55 Here is the result:
GBP/JPY If my stop loss is hit at 238.55 Then:
2 lots at 232.36 = 1238 Pips (619 x 2)
1 lot at 234.05 = 450 Pips
1 lot at 235.22 = 333 Pips
1 lot at 236.42 = 213 Pips
1 lot at 237.32 = 123 Pips
Total = 3038 Pips
GBP/USD If my stop loss is hit at 1.9660
2 lots at 1.9474 = 372 Pips (186 x 2)
1 lot at 1.9566 = 94 Pips
1 lot at 1.9641 = 19 Pips
1 lot at 1.9677 = -17 Pips
Total = 468 Pips
Are you doing this too?
Regards,
Rick
I'm a disciplined trader and that's the only way I trade.