M2P Contra-Swing Strategy

[mytwopips]

Now that you are in the trade, How do you manage it?

Well if price starts going in your favor, close it the moment it crosses to the other side of the 200 ema.

If price moves against you, pick up another 1:1 order every so many pips against you. For the gpb/jpy I like every
50. For other pairs I like every 25 pips. How many pips to pick up each order is a hard topic. This summer it doesn't have
to be that many because we are in tight trading ranges. Once this summer is over, you may want to slightly increase your pip count with each
order. I wish I could give everybody a firm number for every pair for every season, but I can't.

Now if price has moved against us, and we have picked up more than one order, we have started a series. Our exit is still the same for a series
as if it was a single order that went our way from the start. We close all orders when price crosses to the other side of the 200 ema. We close
these orders in profit or in loss. This point is both our take profit and stop loss.

A warning about increasing your order sizes or buying at smaller pip increments each time you pick up a new order in a series. If you do
either one of the two, or even worse, both; you have just made a martingale.

A martingale is a stupid way to blow your whole account with one bad series of trades. So we won't do it here, never ever. We will always use the
same pip increment and order sizes, no matter how tempting.