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I have been on a winning streak and now nervous to take new positions
em
Novos Negociantes
Mar 21, 2013 at 12:03
On a 5 Minute chart, do you think 10 PIPs is a tight SL, if you are holding positions for 1-2 hours max and looking for rewards between 20-30 PIPs? If it hits 10 PIPs so be it, but if it doesn't hit your target of 20-30 PIPs then you let the trade run so be it if it hits your SL. What's your take?
My own experience in FX market Since 2003
em
Novos Negociantes
Mar 21, 2013 at 12:03
If you're managing your trade well, including your risk to reward ratio as well as major news announcements I don't see the issue but you must have a clear level where you will take profit or stop the loss.
Broker Suggestion
em
Novos Negociantes
Mar 21, 2013 at 12:03
I would go for MB Trading, oldest broker in the business, regulated and with extremely tight spreads
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