Thursday, May 13, 2010

Another Cut Losses Early, Let Profit Run


Another 18% RR Ratio, still making decent profit.
Imagine with 50% ratio, how many profits you may reap? :)
Posted by at

2 comments:

  1. FXMay 13, 2010 at 3:54 AM

    We were trading partly at the same time, you can check my chart at my blog.

    I don't want to sound that I criticize and it is not my intent but I'm interested to understand do you usually look for trades against the trend or it was only the case today?
    I like to go in the direction of the trend even though today I didn't believe that it would be so strong so I fight against it around the bottom.

    You cut losses early strategy would be golden if you are going in the direction of the price and not looking for moves that fade main direction.
    Probably you know that yourself.

    ReplyDelete
  2. Sith-TraderMay 14, 2010 at 1:50 AM

    Yes, actually IMO if you trade against the trend like I did, the STOP LOSSES must be wider. Why? because it prevent pull back and keep getting filled with worse price.

    I admit, I fought the trend with a simple reason. My CL trading style is contagious to EUR. I know EUR cannot be treated like CL.

    Thanks for the advice. I fix my trading style today as you can see the trading result of my GBP. I followed the trend.

    Thank you for visiting, looking forward your next comment :)

    ReplyDelete

Subscribe to: Post Comments (Atom)