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