Thanks for the prompt response. It seems there is a trade from yesterday thats yet to hit target..everything's pointing up today: your system, the daily candle, 4hr candle...
You're right!! the trade followed all the rules for entry. Set-up candle not more than 30pips for the pair. It's going to hit TP for sure.
Ignored
well, i wouldnt say that. until e final whistle is blown for 100 PIPs to drop into your pocket, there is always a possibility that e market may turn against u.
its totally alike betting soccer. coming into the 89th min, e losing team which is down by 3 goals, can draw the game by conceding 3 goals in a matter of minutes. *sweat*!
just remember to put your SL into BE once you are +50 in PIPs
Just doing some manual backtesting, why use 100pip SL because this seems to be a breakout system. If it's going to happen,it happens. Does not beat about the bush..
Just doing some manual backtesting, why use 100pip SL because this seems to be a breakout system. If it's going to happen,it happens. Does not beat about the bush..
Ignored
Hard question to answer.
Obviously a SL has to be put in place somewhere & my minimum risk/reward is always 1:1.
Other SL levels could always be backtested I guess
