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KII
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Hello All, I completely agree with you walter!!!! You need to adapt your strategy according to the market condition not the way around. If the market is ranging use small TP, if the market is trending the use large TP orders (or even trailing stops). Cheers,
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Hello fellow traders, I agree with some posts here, by trying to get only 10 pips a trade you are actually limiting your profit potential. Now, im not saying thats the wrong way to approach the markets, its only what I think. This is something we have to deal with as traders, most play very risky when the market is against us (hoping it will reverse) and when in profits, we always try to lock as soon as we have something in our pockets. This approach (I think) in the long run will have negative effects in our balance. Regards,