bangkokgee
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no need for luck
hi andy i know rav,you are going to do very well:clap:
hi andy i know rav,you are going to do very well:clap:
Hi Masquerade,
Great to see you back.
What do you recommend?
Cheers
Phil
the swing trades busted the 1000 points so people would have lost their pot,if your swing trading,and you pick your entry,and it goes say 150 pips against you,thats where you should stop,even more so when your trading against a strong trade in cable as we have seen.then you reset your entry at where you got stopped out,so most the two trades would have been down is 300 pips.now if the trend changes and moves down to where you got stopped out and moves your way,you not only get back the loss and have a trailing stop on it so the most you risk is 50 pips and carries on in your short trade your in the money.if it goes wrong and you lose the extra 50 pips on each trade.close it forget it your entry was wrong.now the most you would have risked is 400 pips and not blown the pot.with the 600 pips left you break the pot into 1000 pips again.and live to trade again,trading with a safety net :idea: