Everyone's trading style is different, you have to find what works for you, even with the same strategy.
Mine is don't give lady forex back something she has given me. I would have moved my SL up as the fractals moved up. I would have moved them up even tighter as the trade went into the money. Also I would suggest having another indicator that lets you know when the trade is running out of gas. The trade ran out of gas and came crashing down. Some people will ride the waves up and down giving and taking on a trade. I don't like this. I squeeze my trades once they enter the money and will exit with a small profit rather than sit and watch the price fall and bounce off MY stop.
Also, remember a target is just that, it is not a given. The market doesn't care where you place your target so remember it is just a projection. I trade 0.02 lots on a live account. I close half the position when I feel momentum run out. I may hold the second one longer if I still feel the market is telling me it may go higher.
As one of the other members commented, you WILL have losers. It is part of Forex. Most people abandon a strategy after a loser or two thinking they will find the holy grail with the next system and as a result they never really get good at anything. This system is as simple and solid as they come. Thx for the system!
-ej5
Mine is don't give lady forex back something she has given me. I would have moved my SL up as the fractals moved up. I would have moved them up even tighter as the trade went into the money. Also I would suggest having another indicator that lets you know when the trade is running out of gas. The trade ran out of gas and came crashing down. Some people will ride the waves up and down giving and taking on a trade. I don't like this. I squeeze my trades once they enter the money and will exit with a small profit rather than sit and watch the price fall and bounce off MY stop.
Also, remember a target is just that, it is not a given. The market doesn't care where you place your target so remember it is just a projection. I trade 0.02 lots on a live account. I close half the position when I feel momentum run out. I may hold the second one longer if I still feel the market is telling me it may go higher.
As one of the other members commented, you WILL have losers. It is part of Forex. Most people abandon a strategy after a loser or two thinking they will find the holy grail with the next system and as a result they never really get good at anything. This system is as simple and solid as they come. Thx for the system!
-ej5