DislikedDean,
Am I right that with your EJ trade your SL is ~20 pips and TP is only 10?
R:R an issue?Ignored
Point is R:R is a misconception imo. I roll with a 13 pip stop loss. Price does 2 things---Either with you or against you. My first goal is always 5 pips. If price is acting like an ass then I will take what its offering rather it be 1 pip or 50. I use Price action so I see areas on my chart where if it crosses certain zones before it reaches my stop loss then I close it. I know I am done. When I enter a trade I know my targets. First is 5 pips if it wants to give it to me. Next is other areas such as pivots or the Murrey math i use. Dont worry about R;R. If you have 100 trades and Your goal is 5 pips and thats your average amount won per trade. You win 80 times. Thats 400 pips. Your stop loss is 10 pips. You lost 20 so thats 200 pips. You are still up 200 pips. Even if you went with a 15 pip stop loss you are still up 100 pips. Most good scalpers are easily at 80% win rate. Most are slightly higher. Also when you scalp the amount per trade is higher than a guy with a 100 pip stop loss.
Example for you. Say you have a 1k account. Your stop loss is 10 pips and you want to trade 2% of your account. Well 1000 x 2%= 20 dollars. 20 dollars divided by 10 pip stop loss equals 2. So you trade 2 lots. Without going any further thats about 2 dollars a pip on the EU. So if you cleared 200 pips in a month you made 400 dollars. If you are compounding each trade its even more. So dont worry as much about R'R. look at your chart and find target areas. Start scaling out. You up 5 pips move your stop to breakeven. You may miss some big moves but so what. you will catch that big mother soon enough. Just a suggestion if you are worried about R:R.
If I am wrong P Dean then I will delete this post.
also EU
