{quote} Hi fcaldas, I understand why you ask the question, as many posts on this thread mention target prices but these targets will vary from trader to trader for many reasons (trading style, aggressive/passive, long-term/short-term, pip targets, $ targets, fib targets, big round numbers, etc.). Exit rules and strategies are quite a personal thing and emotionally are more difficult to execute than taking an entry, however, if we stick to the TMS rules then what you are doing is right. Exit when the green line flattens or hooks. So don't worry too...
Hi fellow TMS traders
{quote} I can recomend a book i'm currently reading on Money Managment. "The Trading Game, Playing by the Numbers to Make Millions" by Ryan Jones. I've attached an article by the author detailing his concept. Warning: Don't read if you don't have an open mind. It Challenges the status quo rule of never entering with more than 2% of your account per trade. {image} {image}
{quote} I can recomend a book i'm currently reading on Money Managment. "The Trading Game, Playing by the Numbers to Make Millions" by Ryan Jones. I've attached an article by the author detailing his concept. Warning: Don't read if you don't have an open mind. It Challenges the status quo rule of never entering with more than 2% of your account per trade. {image} {image}
For those members interested in Fix Ratio Vs. Smoothed Ratio Money Management, the excel sheet below allows you to compare the effect of both. Very interesting to play around with, especially when using your own real stats. The spreadsheet was commissioned by Mr. Pip from the Ratio & Harmonics thread. All credit goes to him. Best Regards N PS Link to the original post where spreadsheet was posted, with video: http://www.forexfactory.com/showthre...61#post8824061 DCAST Money Management.xlsx;2134541 {file}
Looks realy great.... In the end of the day I decided to think about the box and I took a TMS signal on the WEEKLY chart of GBPAUD and let it just run overnight. 
