you made about 5%, take the opm into next week
there is more time than one week to trade.
25 cent pips
50 cent pips
$2.00 pips gain 39% and start over
as long as you are not suggesting increasing your lot size while keeping your stops small...
when your lot size is small you can be extremely aggressive, but as your size increases there is an ever increasing need to sober up
PRO brought up the 'macro pip', something that I haven't thought about in quite some time.
You simply reduce your trade size by 90%, multiply your triggers by 10, and then trade a large chart as if you were scalping; a 93 pip gain = +9.3 'macro pips'.
The benefit to trading this way is that you can often have stops equal to 3 or 4 pips & get better R/R ratios. but the downside is a significant loss of time.
You might have 35 risk space and then risk 5 macro pips (50 pips) on trade. If you lose you are down to 30 space & if you win you are up to 40-45 pips.
Now I know you are thinking "why bother, why not just trade the BuyZone"...
1. you have fewer pips at risk: 3-5 instead of 7-10
2. the probability of winning is higher because it is a long term chart
3. you are unlikely to get smacked by a wickdoll; even if there were a 30 pip spike it would be as '3 pips' to you.
4. 8 'macro' pips = 8 'micro pips'; you can trade the BuyZone with your profit without fear of getting whipsawed.