Currently short GBPJPY, once I am in profit I am very aggressive with my stops, because either the market will run or it will range, or reverse. If I am wrong I want to be out, if the market is going to range it is not going down I also want to be out.
I want to stay in my trade if I am right. As I am trading on the M5 chart I don't need a huge stop to let the market wriggle, I am getting on on cycles, if the cycles don't push then they are running out of steam. So as I pick cycle point to enter the market should run, if it does not I am out with no loss.
I want to stay in my trade if I am right. As I am trading on the M5 chart I don't need a huge stop to let the market wriggle, I am getting on on cycles, if the cycles don't push then they are running out of steam. So as I pick cycle point to enter the market should run, if it does not I am out with no loss.