{quote} Thats great. All I needed to know. Thank you very much. Rooi
{quote} This is huge subject and can't cover right now in this post. Suffice to say I have trading plan which deals with 1.Position size 2.Stop Loss 3.Number of trades per pair 4.Profit targets Best I can say is SL is budget based not pips. Example you want to buy EU and willing to risk $400 Single lot $1 gives 1pip=400pips 1/50 standard mini account Davide that in 2=800pips Your SL now is 800pips Its up to you how you want to allocate 800pips You could add 8 .5 orders or 4 or 2 Once 800pip is reached trade is taken as loss no second guessing no...
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{quote} This is the Key Traditional SL of 20-30pips is losers strategy because its gonna get hit even if you got direction right. Opposition= hedge funds,Banks,Brokers (spiking spread) actively target those stops and you don't want to be the seating duck Key is to trade like they do but smaller scale.
{quote} This is good question and needs intelligent answer I swing trade average gain of 70-100pips each trade. I netted over 600pips on UJ shorts this morning If you look at UJ H4 and UJ daily you'll see that max EDGE was on daily What this means best set ups that have maximum edge is on daily. Test it yourself lay my chart over any pair on 1h H4 and Daily and see where swings took place You'll become a convert You might thing H1 H4 trend is exhausted and you want to CT then realize after getting in that you are early most often 50+pips early Daily...
