So I'm just learning this game and posting a few example trades, here's my first:
This was a very easy trade with almost no move against my direction.
I entered on a buzzard. My target was 6 pips or more (the 5min average range), and my stop was 10 pips, inline within 90% of a 5 minutes bar move. I exited using MO's Minimum Move trader's trick, described elsewhere as this forum:
1. Determine the smallest profit you are willing to take.
2. Let price "spike" past that profit level.
3. If price pulls away and doesn't make a new extreme in 5 ticks then place your exit order on the extreme.
I got my pips but felt I might have missed something else, by being too eager to cash in on my gains. This is what happened:
Comments Welcome. I only get to post once a day, so apologies if I don't get back to you immediately.