Quote:
Originally Posted by SanMiguel
Maybe someone else can answer here but I often wonder if the whole R:R thing is valid for breakout trading. Trading a breakout, the trade will almost always go your way for a bit and if you win more than you lose then it pays for itself. I'm not sure I'd trail by 5 pips though...seems much to tight for me. hmm
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5 pips is tight "agreed" but due to my personality i like trades to be over with quickly, personal choice that all.
i have another account that that has a longer term strategy running but for short term quick returns i prefer this one especially it don't take much time once i have set pending orders that it all done for the day pretty much.