Hello,
The g/u has been experiencing since its IB @ 3gmt a series of ups and downs that I like to call The Yoyo Dance. So in a case like this I have decided(for the time being I am bias short due to the strong resistance @ 1.9900) that I will continue to trade the breakouts (since the stoploss based on the IB is relatively tight) but I reduced my entry by 50% until the market makes up his mind...when that happens and I detect a strong momemtum, I will restore my regular # of units based on my moneymanagement formula that I learned from Feb2865:
The money in your account X % of Risk X 10k units / Stoploss= #of units traded.
The g/u has been experiencing since its IB @ 3gmt a series of ups and downs that I like to call The Yoyo Dance. So in a case like this I have decided(for the time being I am bias short due to the strong resistance @ 1.9900) that I will continue to trade the breakouts (since the stoploss based on the IB is relatively tight) but I reduced my entry by 50% until the market makes up his mind...when that happens and I detect a strong momemtum, I will restore my regular # of units based on my moneymanagement formula that I learned from Feb2865:
The money in your account X % of Risk X 10k units / Stoploss= #of units traded.
Unus pro omnibus, omnes pro uno