Braathen wrote:Never jumped ship my friend.. was just down peeling patatoes and scrubbing the hull
So you said your in the trade with only 1 macro to your stop loss? B/E? take profit?
I like to enter, double fast if price is going my way.. keeping my 00 behind a large TF extreme.. then when price is moving fast/breaking out i scalp
for some lines.
If im at let say 8's i will scalp for lets say 3 maybe 4 lines then scale back out to something that keeps my position higher then a 2+ day extreme then repeat this if price picks up speed again we could do 4's for 5-6 lines then scale back out. I dont like trading at PIP$ max all the time as i get punched in the face too often doing this.
But i think this is what u suggested in the last lines of your post?
I'm currently 1 macro from B/E to my stop at 1.5% due to doubling twice...
It seems like we have the same idea, but I should really look at getting my orders out quicker... best done by dropping down to 8's as noted above... (especially for low beta or intraday trades)
Thanks for the clarity