Intraday price action trend trading

hi guys.new here.

i'm thinking of adjusting the rules to play the game more comfortably for me... i'm talking about enlarging the SL size to 20 pips
(fixed for all pairs,maybe 15 pips for EURGBP only) .The risk amount will be 1 percent of the capital for each given trade..
For example ,i could be stopped out once for 20 pips SL that would be equal being stopped out for 10 pips (or 5 pips) with the lot size that allowes
to risk not more than 1 percent ....setting the SL size of 10 pips with lot size 1,0 equals the trade with SL 20 pips but with 0,5 lotsize...
i mean the risk will be the same for both trades...( i hope you know what i mean )
but setting the SL size of 20 pips will make the trade more flexible(give it more "space")

as the price advances for + 10 pips i trail the SL to B/E and close the half of position... Profit taking will be at +20(1 to 1 risk/reward)

i hope it makes sense..

...

trust you have good change

i hope so..

This is my 1st trade video but I hope it helps.

Another example

Hi Priceaction,

Thanks for the video. Does your 15 pip stop loss include spread ? Would appreciate your response.

Thanks

Alifari

Rob!!! nice trades and nice videos!!!
thanx!!!

Yes.
The SL is 15, regardless of the spread.
But the SL is a matter of personal choice.

Here are four example trades. EURUSD came very close to being stopped out at +2 but it went on to hit the +15 target as did the others.

I and no one could know if the targets would be hit as none of us can predict the future, but the edge that Sho has demonstrated in his threads does provide a higher probability of winning a trade than losing a trade. That is all we can expect from any edge and that is all we need as traders.

There are are an infinite number of edges used in the markets. This is just one.

I hope the charts help.
Rob

An edge that can produce 100% wins does not exist. But no trader needs such perfection to be consistently profitable. Although many give up trading an edge because it suffers losing trades, they are seeking what doesn't exist.

The edge that Sho has introduced in his threads works when traded methodically.

What causes it not to work, is the trader.

Below is a sample of trades from this morning.
6 wins & 2 losses

Good Enough for any trader.

Hi Rob
beautiful work, your videos
What you said in the 2 Video, make a plan for the trade and then stick to this plan, for me this is the key to trading. It is probley the most importace and also not so easy to follow. One has to learn this and than the profits will come easy

eu,sl 15, move to b/e as price reached +8 and closehalf-position,t/p 20

..

entered after retracement as price rejected from centre line and closed with pin bar..sl - 12 pips... now free trade

sl - 15 pips

upd : stopped out

it's the free trade now..

upd: closed the trade manually(+5) as the price closed above the pin formed the bullish bar..

While Rob taken the scalping trade, I take a long one then

H4 and H1 chart below, see how far it goes... SL to BE now anyway