DislikedThanks. I normally trade with SL of 15-20 pips trying to catch 50-60 pips, but the problem is if the price goes in profit for 30 pips and then start to retrace back and forth I got confused whether I should hold it out for the full target or take partial for 30 pips and let the rest run. I don't really understand when you say the word micromanage but maybe it's just me. Intraday, we rarely get a clean 60 pips run (except Friday last week), so I was thinking of reducing my lots size, widening my SL, and holding the trade for longer.Ignored
As you know your trading range is defined by the TFs you choose. You cannot expect to aim a +100 tick move (for example) with a M1/M5/M15 and even M30/H1 chart without expecting a retrace. You cannot also catch a big fish with a small boat neither expect to go anywhere if you want to catch a tiny goldfish with the titanic....
Micromanaging refers to the process of trailing/managing stops in smaller Tfs from the one you took the trade in order to get stopped out in a better place than the natural stop because a TA or FA reason confirm that a reversal is coming against your position or you don't want to hold a specific news event cause a poor entry, etc, etc
Find you main TF in your instrument and measure the average range of each wave, the average ATR per candle, the max volatility in different times of the day (if you are intrday trader) and the adjust your ranges accordingly. In simple words, try to define what are the crumbs, what is the meat and what is the bone. So if you are a H1 trader for example, a "massive" wave in a 5 Sec chart of 12 pips against your position shouldn't even bother you ...you shouldn't even notice that in a H1 and worse even consider taking a "small counter" as they commonly call it here.... That 12 pips in a 5 sec chart can be as irrelevant as 200 ticks against a position for a weekly swinger but it can be of massive importance for a 1 sec chart trader....
My point is, everything is about perspective and capital. If you are trying to catch 60 /80 pips you should be looking not below H1 (H4 will be +/- ok dependin on the instrument), if you are afraid of standing a 30 pip move against your position ...is prolly because your trading too big for your risk ... in simple words, find your own range where you feel comfortable risk and time wise, ignore anything below...
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
is going be a patient waiting today couple ladies just print shitty 1hr candles, next 30mins might give next clues
hold on your hat 
