DislikedHi All,
Yonnie you must be psychic.
Over the last week or so i have had the very same conversation with a couple of traders i know and so have decided to make the following changes to the way i trade the grant system..
reduce intial TP depending on the amount of pips left to ADR (75 pips max)
move SL to BE @ +20
The new TP should still give an excellent Risk/Reward ratio
The reasons for the changes are many and varied but as Yonnie said the moves in Asia on certain days are eating a lot into that days ADR and imho the volatility is reducing...Ignored
Grant & Yonnie
This seems logical to me, but how to determine the movement of TP? Or am I missing something here?
Regards
Archie