Sorry for this question, but how do you know that you will get better results in the long run with this approach?
Respectively
Andrey
Respectively
Andrey
DislikedI place 2 buys and 2 sells according to rules. One has a Tp of 100 pips one doesn't. I tryto manage my TP entry to either break even or take 100 pip profit, either way let the other position run according to rules. Example, today the GBP/USD hit my TP target at 1.9893 which is 100 pips plus spread on Oanda platform,I am still long 1 position to let run or get stopped out at 1.9759. I do not enter any more longs unless my remaining long gets stopped out. I am on a demo at Oanda trading a mini. the shor side of this trade is the same only opposite. I'm trying to lock in some profit to offset a SAR and I also pay alot of attention to the daily ranges the GBP/USD, GBP/JPY have put in fromm 00:00 GMT also. The GBP/USD started ripping up it went straight to the next previous high of 1.9848, blew thru it and went to the pschycological level of 1.9900 and reversed. This was 148 pips since 0 GMT time. Hope this helpsIgnored
"Every battle is won before it is ever fought." - Sun-tzu, The Art of War.