"When i trade at home, I often watch the sparrows in my garden. When I feed them bread, they take just a little piece at a time and fly away.They keep on flying back and forth, taking small bits of bread. You will never be able to shoot a sparrow, it is just too fast. That is the way I day trade". M. Weinstein.
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4 comments:
Hi, another good day:-) How many pips does price need to move in your favour before you start moving your stop loss up?
Would you mind saying what your normal/average stop loss per trade?
Kalinikos Kreanga would be pround of those fast reactions you have...LOL G.
i usually follow price by 2-3 pips. So, if price goes to +4 and then retraces back, i have a gain of 2.I may miss the home (or slow) runs, but these are not my target!
Sl is 3-5 p, or fixed by local levels, trying not to go above 6.
Kalinikos is great...
This is another awesome day. More sales are continue uprising your data.
That’s a very much normal situation but it’s good to be discussing about these things as it can help newbies understand how Forex works much better. I love trading whenever the market is bullish as there are plenty of pips there to collect. At the moment I do scalping only because of working with OctaFX broker, as they have arguably the lowest spread of just 0.2 petite and also the margin call level is just 15% so it really helps me in scalping.
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