Your stops and targets should relate to the volatility of the market. A 10pip s/l doesn't relate to the volatility of the 30min AUDJPY very accurately. I would recommend a s/l of about 25pips, but also shoot for about 50pips too.
I'm guessing you feel your method is better because you undoubtedly "win" more often than you lose. But winning more often doesn't mean you will be making any money if you are risking excessive amounts to get those winning trades.
Last edited by akeakamai; 07-09-2008 at 05:42 PM.
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