Thank you for replying to my comments. I also really appreciate how you detailed again your thought process and determining factors for entering the trades. Those Heiken-Ashi candles really seem to be a great tool, unfortunately I've been using e-signal and as far as I can tell there is no way of incorporating those for this software (I might be wrong). Which charting software are you using that offers that?
What you say about just trying for 5, or maybe 10, pips makes a lot of sense. I was seriously looking into that as well, because if you could consistently make positive 10 pips a day that way, you would be set. With GBP/JPY pair though, my broker usually has a 9 pip spread. Therefore my s/l would probably have to be around 20 pips. Anyhow, I'm going to definitely be looking into this more, maybe try it out with EUR/JPY pair also since it has a spread of usually 4 pips.
Keep up the great posts and make lots of pips!
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