Thanks CommericalB! We shall see if this was the right call...
I am glad to see sisse wanting to discuss trade management as this is another area I struggle in. I get out to soon or too late.....
Can someone help me understand how there is 0 risk if your stop is at .1350 and you took a position at .129X? That's a 60 pip loss unless sisse means to take 60 pips of 1:1 profit at our first TARGET (.1230) to cover the 60 pips if it would hit the stop.
"(for example in this iteration should stay at 1.135x because 1.129x - 1.123x = 60 ticks => 1.129x + 60 = 1.135x should be the first trailling as it provides 0 risk in the position as a whole)."-sisse
I am glad to see sisse wanting to discuss trade management as this is another area I struggle in. I get out to soon or too late.....
Can someone help me understand how there is 0 risk if your stop is at .1350 and you took a position at .129X? That's a 60 pip loss unless sisse means to take 60 pips of 1:1 profit at our first TARGET (.1230) to cover the 60 pips if it would hit the stop.
"(for example in this iteration should stay at 1.135x because 1.129x - 1.123x = 60 ticks => 1.129x + 60 = 1.135x should be the first trailling as it provides 0 risk in the position as a whole)."-sisse