DislikedAU, -9.9 first looser in awhile as thought I could grab 5 pips on this pullback with AUD vs USD strength, but not to be. Target was 0.77500 key level but MM's had other ideas. The only thing we know for sure about FX is that we know nothing for sure..... Posting losers often is more helpful than only winners for all to witness and learn. Update: Of course after I closed PA ran down too my target area on the next hour candle. I was way too fast on the trigger this time as depicted below as my trading decision was correct to the target of 0.77500,...Ignored
I am not criticizing, just a question about money management with your style of trading. it seems like you have a 5 pip target and 10 pip stop loss. This means you will have to win about 70% of the time to break even. Are you able to make money in this situation? Or perhaps you are managing the trades differently than my impression.
Thanks.