aliassmith wrote:LeMercenaire wrote:1qaz2wsx33 wrote:Lem are you still playing for 1% a point/pip like when you were only going for +5 off a dead zone etc? Cause if so wow
Not all the time. With The Dead Zone / Buy Zone type of play, I am going for a fixed target, so easy to use the 1% pp but with the scalping on the 1-min / tick charts, I'm not doing that, it's fluid. I have a roughly calculated Dead-Man's Stop and that is my % or $ risk and then I have a cash-amount set pp.
I do go in very heavy and often it can work out at a similar level to the 1% pp but not always.
You trade 1% equals 1 pip?
That's balls right there.
The closest I ever got to the fire was 5 pips = 1%
I think the best I can do now would be 2.5 to 7 pips = 1% because of reduced leverage.
Yeah, when I was aiming for a fixed target of +5.