DislikedDon't really see myself as one, but I've long since found out that provided you have a damned good entry and exit strategy, I profit far more getting in and out than constantly hanging on for the big one, especially in these markets.Ignored
Whether you use Fibs or whatever, 120 pips on any given day execpt on news / or event driven times..... would mean 120/8 = 15 pips per hour.
Is that your target? If so, I'd recommend Gleneagles dustbin method which doesn't rely on tops/bottoms etc... but you are bound to 15min of opportunity. Like so as a quickly drawn example?
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A pip is only worth it if you know how much you risked to earn it