prochargedmopar wrote:CRAP,
I have a position (5 of em') from a 1100 pip extreme,
And now you tell me it's going another 1000?
NOT good.
Imagine that you go long and make 300 pips.
Now think about how lovely it would be to be short at the
BOx of 0.8400.
Price would either have to move close to or beyond the BOx or you would need several hundred pips of space in order to go short.
You can still take those 8-17 pip gains or buy in the face of long term declines so long as at the end of the day/week/month you are in alignment with the daily/weekly/monthly charts.
That said, I still only target a 57.75-115.5% account gain before considering holding for longer periods of time with a body in the direction of profit:
12- months, 3 successful ideas, 1 zero.