please take a loook and give me some advice on anything you would change. my S/L :102.905
my T/P: 104.072 also I bought in at 102.905
after looking at the M4 channel trend that I sort of see is it fair to increase the T/P and also increase the S/L since the trend is increasing. thanks in advance I know this is newbie island and imma newbie so bear with me please
yes a lot I thought the same thing, thing is I didnt think about that till after I set my TP and SL… anyway thanks again for the reply and Ill be sure to work on my entry point
I use average movement of prices for last 10 days and this is my T/P, my S/L is 1,3 times less than T/P, because I use ratio 1,3:1.
On your chart this relationship looks huge, your T/P is several times smaller than a S/L.
Maybe that’s your tactic, I do not know. The baby pips school has a nice explanation, here’s a link: Reward-to-Risk Ratio | Risk Management | Senior Year | Undergraduate