I have decided to post my (practice) trades here for your valuable comments and suggestions (don’t make me nervous, ok? ;p). I should mention here that I take my practice trades very seriously (call me crazy!). Last week I took 2 positions, in fact 3. One Eur/Usd long position from previous week hit stop loss at 1.315; I lost 90+ pips on that. I opened a short position on Gbp/Usd @1.615 which yielded me an overnight 70+ pips, yay! But this thread is not about them.
Yesterday I decided to jump SHORT on Gbp/Chf @1.49. 1) The pin bar on previous daily chart, 2) BB top band resistance and 3) possible retracement on a falling trend (at 61.8% area of fib) on daily chart gave me the confidence to open this trade (and the 4) bearish hidden divergence is icing on the cake). You may think I’m technically over-worked :18:. As of today after the market-close I have 37.5 pips (unrealized). My SL is @1.4975 and TP is @ 1.475 but I may move the SL at Friday’s high (1.49265) soon.
hi Jensen, no solid reason; just being conservative as a newbie… and not much greedy. as I mostly keep one trade open at a time (keeping in view my real account’s funds). Logically the minimum TP should be the next lower low and beyond. so your TP is quite justified. one more reason could be my impatience to wait longer for lower TP to hit I enjoy watching the trends taking a break while I watch on the sidelines after taking my profits ;p. that feels to stress-free j/k…
I enjoy watching the trends taking a break while I watch on the sidelines after taking my profits ;p. that feels to stress-free 
j/k…