DislikedEURUSD - 1.4160
1% = 141 pips
141 pip (1%) stop loss is a "tiny amount"? You must be a swing trader, that's a large stop for anyone trading on an intraday timeframe.Ignored
My trading style is simple and easy and is based on two main beliefs -
The beliefs are -
1. There is a lot of randomness on short time frames, tight stops will therefore get hit and turn winning trades into losing ones, even when you're right.
2. The way to make money is following the trend, it often takes time for the trend to 'work' and make you money because of belief no 1..
My trading style is mechanical back-tested systems based on the following -
1. Determine the direction of the trend.
2. Wait for a retracement to get in at a decent price.
3. Wait (usually around several weeks) for a decent profit, and when you have it take it.
That's it.