Yes and no, you are always going to give up some profit when the market goes from trend to range. This is part of the trading experience. If you are in a productive tend, you have to realize that you will have to get out sooner or later. If you wait too long, you will end up giving back a significant portion of your profits, if you get out too soon, you will miss some opportunity. Sooo, you have to decide which is more acceptable.
What matters is Green/Alpha.
Yes, and you are looking for a reversion to the longer term mean, at the high, short, low, long.
Yes, prices that hover at a long term Mean usually generate a Yuuuuuge amount of noise, now if you are _bob, that is great, but you have to be trading very small fractals to get these moves. Most folks, even pros find it untenable to do this and leave it to the machines.
Most trend traders here didn't even realize that they were in the middle of nowhere, which explains why, during the last market shift, they all blew up and disappeared. Looking at a four hour and one hour chart, without understanding the context of the Daily and Weekly, is a huge mistake.
If you are coming off of a high into a range, that first low will be your bottom. You then have to wait for the next high to be established. Once you have established a low and a high, you can preset a long at the low, and short at the high. The only warning I can give you about this is that in the market we are in now, EUR/USD, Daily, the ranges have a directional bias, downward, and a lot of overrun spikes, so your bias may have been better served by only taking shorts. One good thing is, that had you Shorted every double top on the daily, and not treated it as a trend, but more a quick swing, there was some good greenage there. Also a recognizable "Head and Shoulders" on the Daily from 8/02 ending with a break through the neckline Short, on 10/26, so your Trading Bias would be Short at this time.
I need more time to make a comment on this. But I think you would be better off to focus on just getting the direction right on one trade, until you are comfortable with your entries, then you can focus on TP, and exact stop placements and ratios. Set your stop at your max loss, like 1 or 2%, this will keep you from blowing up on one trade. Also, as I understand it, because of the FIFO rule, multiple entries are aggregated, so if you had one entry 2k at 1050, and one 2k at 1060, both would move to 1055, and if you closed 2k at 1075, it would be from 1055, not 1050, and the next 2k would be from 1055 also. If I am wrong, someone please correct me.
The Ever Interested VIPER