DislikedHi Karmo. Can i pick your brain on this pls. What sort of stop do you use? Do you trail it down? What sort of level above your TP point do you set your long to activate? Do you set the stops to trail on the way back up as well? Been wrestling with these for days now - everytime I set a trailing stop I miss out on the big move after a retrace. Then I dont and get stopped out.
You obviously have this down to a tee so I would be very grateful for your input. thanksIgnored
My stops can vary but every 100 pips is 1% of my account, so I can have 200-300 pips sl and still I would be risking 2-3% only, this beast can be wild as we know it.
I don't set a trailing stop but I do move my stops manually to breakeven or +1 after my position is +100 pips or so..
Today's long was set at 150.50 and sl was 100 pips risking 1% only.
I like to move my stops manually rather than using a trailing stop, I have access to my broker 24/5 so it's not a problem for me.
Trade what you see, not what you think.