ur doing awesome so far, pretty good win loss ratio. only thing i d ask is why don t u set up ur first TP to be equal to ur stop loss, and then let the second run or cut it but set BE after first TP hit. i only say this cos i saw u take 20, 40 pips profit but in 2 trades u lost hundreds of pips… this is just not to let ur losses set u back to far to make back what u lost.
cheers
Hi @1odi, so, I do move my SL to BE after winning my T1, I really like this aspect of my strategy, a risk free punt on something big.
My TP and SL is based on structure (S/R) and overall long term trend direction so I don’t want to be as regimented with a fixed TP pip value.
A combination of ‘business as usual’ small wins and the odd biggun allows me this flexibility; its true the big losses hurt, but because of my 80%+ win ratio based on price action (combined with the above) and sound money management, I can absorb the loss and stay above +25% gain (hopefully more by xmas!).
I’m no pro, just picked up a few bits and seeing some success, what you’re saying has validity but because structure plays a key role, I wouldn’t introduce this aspect as I prefer to bag the T1 profit based on the chart that I can see rather than risk a fixed TP that may suffer reversal - hopefully my win rate will improve and these big losses will become even less. The money is in the continuity trade T2 really.
Thanks for your comment - hope my ramblings go some way to acknowledging and responding 
Currency Pair: EUR/JPY
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -180 pips
Trade 2: -180 pips
Comments:
Currency Pair: EUR/CHF
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +15
Trade 2: 0 SL
Comments:
Currency Pair: EUR/NZD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +53 Pips
Trade 2: +154 Pips
Comments:
Currency Pair: EUR/NZD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +31 Pips
Trade 2: 0 SL
Comments:
Currency Pair: EUR/NZD
Long/Short: SHORT
Pips Gained/Lost: 
Trade 1: -50 Pips
Trade 2: -50
Comments:
Stinker of a start to the year…
Just upped my account balance significantly too based on my target of being in profit since August.
Let’s hope the next one is a winner. Geopolitics with Iran/US a concern now.
Currency Pair: EUR/NZD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +50 Pips
Trade 2: 0 SL
Comments: Tk Fk for that… 2020 here I come…
Currency Pair: CHF/JPY
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -30 pips
Trade 2: -30 pips
Comments:
Currency Pair: EUR/NZD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: --60 pips
Trade 2: -160 pips
Comments:
Currency Pair: EUR/NZD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +20 pips
Trade 2: TBC
Comments: EUR/NZD mugged me right off yesterday, I’m showing it who’s boss today.
Been wiped out with the flu this last week so didn’t get around to updating the above trades…
EUR/NZD T2 = +60pips 
GBP/USD T2 = 0 SL (annoyed as this looked good at one stage!)
Currency Pair: NZD/CHF
Long/Short: SHORT
Pips Gained/Lost: 
Trade 1: +6 pips
Trade 2: 0 SL
Comments:
Currency Pair: GBP/CHF
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +30 pips
Trade 2: +45
Trade 3: 0 SL
Comments:
EDIT took profit and reentered on PA. Hnce T3
Currency Pair: CHF/JPY
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -70
Trade 2: -70
Comments:
This is a day old, hoping the retracement is over!
EDIT: it was not over and pinged SL - Don’t trade reversals…
Currency Pair: AUD/JPY
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -75
Trade 2: -75
Comments:
