DislikedHmm well then you just have pre-defined SL and Target for the position and leave it alone?
Maybe you're right that it's better to walk away...on one side I noticed that very often I can at least move my stop to breakeven after a small bounce...which might save me from taking a loss. On the other side often I just would have to suffer a small drawdown after the first bounce off a level back to my entry and then it takes off.
Can you give some more details about how to manage the trade once it's on when you walk away? I tried different things...Ignored
Pick the major, major areas that serve as turning points OR a good area for trend continuation plays, set a stop loss, 150 pip take profit (or if there is opposing major support/resistance maybe a little less, but not much) and after 50 pips of profit set your stop to breakeven. Rinse and repeat, always have atleast 1:3 risk:reward, and you're good.
With all the stuff here it can get complicated, but I swear that's the most profitable and easiest way. Walk away and forget about the little S/R areas in between.
This, I always reference - of all the crap I've written here this is still my favorite post, hopefully you can figure out why:
http://www.forexfactory.com/showpost...postcount=1253
.