If the purpose of the daily scalping system is to take smaller profits on a daily basis, wouldn't it be a good idea to have some kind of take profit level?
I was up about 80 pips on the GBP/USD last night before it completely reversed and ended up back where i started. 80 pips equals two stop outs.
Also, per the rules, it says to close the position at the end of the following day. Should we close whether we are in profit or not?
I was up about 80 pips on the GBP/USD last night before it completely reversed and ended up back where i started. 80 pips equals two stop outs.
Also, per the rules, it says to close the position at the end of the following day. Should we close whether we are in profit or not?