[edacsac]

I see your point, but I don't think it's that easy. I decided to adjust my stops to reflect a better per trade risk. So I browse through the list of pairs and settle on a AUD/JPY trade. Looking at the H1 and M30 charts, I decide to go short. I figured I could get at least 25 pips out of this and my gut feeling (or whatever you want to call it) tells me to do the same for a s/l, since I think the uptrend is running out of steam, but there still may be some upward movement. Under the popular logic, thats still not a good move, so I move my s/l to 10pips. Per the attached picture, I got stopped out twice to only find later that things carried on like I had thought they would in the first place. If I would have gone with an unfavorable s/l, I would have made 25+ pips.

So basic to you or not, you would've been wrong. Just like I was by lowering my risk and going against what I saw in the chart.

Do I really have it backwards? If I would've left it backwards, I would have gained. Maybe this is just an isolated incident and over time I would lose more, but as I have time to practice, these are the type of trades I'm picking. No real poke you in the eye indicators, but some redhead stepchild quality chances that may require some drawdown to realize anything.

I'm sure once I pick up on some more solid oppurtunities, I'll be able to use tighter stops.

But thanks for the input!