Braathen wrote:Yeah its pretty nice action.
I managed to get 4/6 yesterday at 1.2879 (came right back at
my space and the 1.2875)
I closed this out just before the 1.3000 and was looking for an entry
this morning (EU time) but after having no patience yesterday i thought id have some today and wait for something i liked..
hehe.. just watched it go up ahh well.. an amazing week for me non the less.
Where would your position be if your action was 6/1?
Even if you have 10 pips of space left (6/1) * 10 = 60 pips.
The real question that I am asking is whether or not you need
infinite space (liquidation) and if that is too extreme (it is) then
how many lots should you liquidate when things are not working?
I am not saying that you should always have eternals (lots you never liquidate), just that you might want to consider reducing your position
at least until you have time to think about what you should do next.