Experiment in Discipline

No it is not. I do not set a level at which I will exit when it goes my way. The stop loss is what I consider a "disaster stop" or a point at which I don't have confidence in my prediction any longer. Sometimes it will be 200, 500, etc. pips. I don't limit myself with parameters or risk/reward ratio's.
 
Quote from PittsburghFML:

Close Eur/Usd 1.3168 -10
Close Usd/Jpy 86.25 -31

Buy Usd/Chf 1.0524 stop 1.0320
More...

Sorry about your EUR/USD, that looked quite good for some time.

If I may ask, do you have a tentative target when you put on the trades and/or do you ever trail your stop?
 
I don't trail and I don't really have set targets. I have areas that I expect it to hit and if it does I will exit. The eur/usd and usd/jpy both looked good for a bit.

Sell Eur/Usd 1.3149 stop 1.3270
 
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