Don;t take offense db, I guess it matters if you trade mini's or full contracts, and how often.
My stops are 30 pips and targets are 100+, I take profits at 50 or when it suits me. Why would anyone be looking for 13 pips? - when it should be part of a bigger move with more confidence IMO. Announcements alone incur much more movement.
My confidence takes a hit not from trading pennies and being up or down (too many $$) is part and parcel of me being an idiot sometimes (more times than others, like trying to pre-empt trades instead of just reading the charts). But am getting better with commodities ... as I plan to one day get serious.
Better to be out of the market waiting for a nicer setup to yield moves larger than tens of pips. That's just my approach - you don't need to wait long.
rgds,
pw
- Forums
- Forex
- foresignal false signals
foresignal false signals, page-5
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)