[quote= I cannot say just how important free trades are to people, imagine that you have a trade that will either make you a load of cash of lose you nothing, I would like all trades to be free.[/quote]
Here, here, first chance I get to run a trade free I'm there, lol I picked up 200 pips last night on the GBP short move As soon a I had my initial profit I ran with a trailing 382 stop (distanace from 382 to back my entry). and let the market decide when it was time for me to get out. I love trading this way as it eliminates emotional trading.
I recomend anyone who like the idea of trading free try first locking in 1-1 risk/reward i.e. 25pips risk first limit at 25 pips profit then moving your stop to buy in. I will usually use a 1-2 risk/reward ratio on my first limit, or if it is a good pattern reversal my IPO will be at the 382 or 618 which can be quite significant when a pattern sets up.
cheers
Big Weir
Here, here, first chance I get to run a trade free I'm there, lol I picked up 200 pips last night on the GBP short move As soon a I had my initial profit I ran with a trailing 382 stop (distanace from 382 to back my entry). and let the market decide when it was time for me to get out. I love trading this way as it eliminates emotional trading.
I recomend anyone who like the idea of trading free try first locking in 1-1 risk/reward i.e. 25pips risk first limit at 25 pips profit then moving your stop to buy in. I will usually use a 1-2 risk/reward ratio on my first limit, or if it is a good pattern reversal my IPO will be at the 382 or 618 which can be quite significant when a pattern sets up.
cheers
Big Weir