We took 40 pips and did not loose No One Pip, because of strategy.
Our trades based on Intraday - Daily reversion. Reversion level is Pivot levels. Same time they are strong resistance or strong support. Resistance we do Sell, support we do Buy. Thees Entries are 2-7 pips accuracy. And Stops are 25 pips. Later after price moves 15 - 25 pips of Profit move Stops near Entry (This is new. Use to be 40 pips in old market conditions). Also we do trade follow broken Pivot. In this case I do make special note. It works just for special Market conditions and for special levels or pivots. Take some profit at 40 and 70-100 pips. Never close all trade 100%
Do not risk more 3% of your account Balance.
In this Thread I did manage Today to Sell USD/JPY 90.33 with one pip accuracy 2 times. http://www.trade2win.com/boards/forex-discussion/48102-im-shorting-euros-1059.html
Now USD/JPY Entry Short at 90.34 I see some possibility for longer Term.
It means do not close this Entry small amount like 2 weeks.
But if it breaks higher it's no problem we'll move Stops to Entry after 40 pips of Profit.
This way we do not loosing no one pip.
But for now:
Target #1... 120 pips.
Target #2... 240 pips.
USD/JPY Entry Short at 90.34 I see some possibility for longer Term.
It means do not close this Entry small amount like 2 weeks.
But for now:
Target #1... 120 pips.
Target #2... 240 pips.