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stop moved to 88.5

SELL 187K 2685 STOP 91 NO TARGET YET

You are welcome. I just can't guarantee that next time the euro will not drop 200 pips after hitting my target :) today P/L:221$

target hit

SELL 187k 2711 STOP 2717 TARGET 2699

today P/L: 647$

I live in London, I couldn't trade properly at 3 am :) Oldtime, do you still keep your long EUR ? What is your typical strategy for bailing out of losing trades ?

I would hold till either stop or target hit or the end of the New York session

yeah, this kind of small mistake repeated many times can have significant impact on your end of the month result. It is much better to keep the target intact.

Thanks, target hit at 10:10 GMT

SELL 169K 65 STOP 74 LMT 26

today P/L: -84$

I use OCO orders placed with the broker most of the time

Well, you probably didn't feel comfortable with the method. I am trying to develop something I can trade without any doubt. Anyway I have one setup with 6 pips risk and flexible target of 50-150 pips which doesn't happen very often...This is almost your 1:infinity trade :)

stop hit

stop moved to 61

SELL 58 187K STOP 64 NO TARGET YET

My last trade had a 8 pips stop and 40 pips target. I don't need a high hit rate to make this particular setup profitable over the long run. What do you mean by 1:infinity ? You dont't take profits at all ? :) I think that very high reward/risk would cause a very low percentage of trades...

no trades today

today P/L:-156$