DislikedThank you.
How do you address your number 6?
Hint: For example if you see 120 pips ahead and you plan to take 100pips.
One of the trade you posted earlier might have answer it. Do you close along the line? I believe you Plan your trade and you trade that plan. Right?Ignored
If its 120 pips ADR my target is 100 but that depends where I entered the trade.Beginning of the move or mid point?
You can take 50% profit and let the other 50% run.That is most traders do.But I don't do that.I try to let 100% run as much as it can.
Lot of traders trade with too many pairs.Disadvantage of this is less understanding of particular pair's behavior.
I bought the UCAD 2x at 9880 zone because I felt confident that it could reach 9950 or higher.I know this pair well.Lot of great traders only trade 1 or 2 pairs.This allows solid understanding of Price Action.
Its not a popular thing in forums like this but focusing on less pairs increases your chances of making better decisions.
In trading, you have to be defensive and aggressive at the same time