here is what I mean.
entered with half of usual size on each pair. eur/aud and eur/jpy, but total risk was 1% but actually less. some says entries are not important but I now tend to disagree. to enter with minimum risk to assure maximum gain entry indeed is very important and I would not let my stop loss hit anyway. if price would stay above trend lines I would close trades before stop hit, so actual risk is even lower. when the price on the other hand does what i want, I am looking now to first move stop to 5 pips above/ bel;ow BE thus further reducing risk to almost nothing, when it makes certain move usually 20 pips or something i am moving stop to BE and set targets 1 and 2. I have moved stops to BE now so, it is out of my hands. market will decide.
The key for me is to keep my risk at minimum. If I risk 60-100 pips, it is how many more I have to have to get good r:r ratio??? and how long should I stay in trades ? when you risk 25 or in fact less pips per trade as I mentioned, we can have excellent R;R whenh we are right and it can be quick. Then reload and wait for another set ups.
entered with half of usual size on each pair. eur/aud and eur/jpy, but total risk was 1% but actually less. some says entries are not important but I now tend to disagree. to enter with minimum risk to assure maximum gain entry indeed is very important and I would not let my stop loss hit anyway. if price would stay above trend lines I would close trades before stop hit, so actual risk is even lower. when the price on the other hand does what i want, I am looking now to first move stop to 5 pips above/ bel;ow BE thus further reducing risk to almost nothing, when it makes certain move usually 20 pips or something i am moving stop to BE and set targets 1 and 2. I have moved stops to BE now so, it is out of my hands. market will decide.
The key for me is to keep my risk at minimum. If I risk 60-100 pips, it is how many more I have to have to get good r:r ratio??? and how long should I stay in trades ? when you risk 25 or in fact less pips per trade as I mentioned, we can have excellent R;R whenh we are right and it can be quick. Then reload and wait for another set ups.
I rather trade on its break out and its support area. I would favor on short side on $ index. I would think audusd, nzdusd is good long canditation once $ hits 79 with one more push up. On the short side usdchf, gbpchf.
