Each system, each strategy has its own rules. As long as you keep the rules alive you can't get friied.
I expected a larger chart with your cad/jpy because i told you, it seems Regression Chan was wrong inserted into chart.
About Stop Loss: the only advice I can give you is to enter when you feel it's right for you to enter, at that moment when you see SL is not so far from your daily projected loss (5-10-15 pips). I have trades when I don't enter because SL is too far or when I feel the market very volatile and unstable. It's happening everyday to spot a good signal with SL close and if it gets eaten by the market I don't feel sorry, I lost only 10-20 pips. I will recover them for sure because I like it, I love it and I know I can. Nobody can stop me, nobody can influence me, I'm my boss, I do the rules and I score
In the future if you want me to help you please come with explicit details in order to make an analysis.
Happy PIPpin' !
Quote:
Originally Posted by perfectsun
the second bad one was cad/jpy today I think round 7 GMT.
I would like just your opininon, I know all trades can not be successful. I made one good today with your system, the problem I have is aiming for 10 pips risking 20 or 25 SL. That is why I want to make sure to enter only 99% good signals.
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