Scotty and other Big Dogs,
Here is where trade expectations mean so much.
In all honesty, I got to it a little late. My entry turned out to be 5 pips above the box. At +15 I thought I should get out since my original target was 20, but I entered 5 late.
I grabbed the 15 and the market wandered up only two or three more pips.
Sure, I was a little lucky. However, over time I am noticing that 15 pips has about an 80% win rate. I am thinking of increasing my units/lots and just keeping the regular 15 pip target.
I know, Scotty and Mohamed, you guys are doing well with somewhat bigger targets.
Either way, I think we can argue that the Big Dog is a working strategy.
BY THE WAY, are any of you guys also trading a London breakout successfully? What parameters?
Regards, Forest
Here is where trade expectations mean so much.
In all honesty, I got to it a little late. My entry turned out to be 5 pips above the box. At +15 I thought I should get out since my original target was 20, but I entered 5 late.
I grabbed the 15 and the market wandered up only two or three more pips.
Sure, I was a little lucky. However, over time I am noticing that 15 pips has about an 80% win rate. I am thinking of increasing my units/lots and just keeping the regular 15 pip target.
I know, Scotty and Mohamed, you guys are doing well with somewhat bigger targets.
Either way, I think we can argue that the Big Dog is a working strategy.
BY THE WAY, are any of you guys also trading a London breakout successfully? What parameters?
Regards, Forest