C12,
Have you compared the returns you get from the partial exits (at 6 pips profit) vs. the half left open for larger profit targets? One way to look at it is as though the two half-positions were separate trades opened in separate accounts. After a sufficient period of averaging you could compare the balances of each account and presumably one would be greater than the other. I'm interested in knowing how your two exit strategies compare to each other.
Have you compared the returns you get from the partial exits (at 6 pips profit) vs. the half left open for larger profit targets? One way to look at it is as though the two half-positions were separate trades opened in separate accounts. After a sufficient period of averaging you could compare the balances of each account and presumably one would be greater than the other. I'm interested in knowing how your two exit strategies compare to each other.
Sure I have a trading plan. Buy low. Sell high. What's yours?