240 15 5 +60
30 5 +25 Counter trend
240 15 5 +25 Reentry
I used the profit on the 30 5 counter trend trade to finance the stop on the reentry trade.
I calculate the lot size to match a stop of 30 pips on the reentry trade with the profit of 25 pips made on counter trend trade.
As I type this TP2 on reentry filled at +35.
30 5 +25 Counter trend
240 15 5 +25 Reentry
I used the profit on the 30 5 counter trend trade to finance the stop on the reentry trade.
I calculate the lot size to match a stop of 30 pips on the reentry trade with the profit of 25 pips made on counter trend trade.
As I type this TP2 on reentry filled at +35.
" Never let the past hold the future to ransom "