Hey iPlayGames, nice thread...
Here's my question: why have you decided for a 75 pips trailing for Cable? I'm really undecided about the trailing stop level here.
Jacko uses 50 for Euro that seems to work very well. But 50 for Cable I think it is not ok.
However, a 75pips SL will kick you off the market 75 from the toppish, right, when price will bounce and get back.
So I was wondering, wouldn't be better to TP partial at 75 pips profit, thus the SL will be at the B/E level of the original trade. That would ensure a 38 pips profit, better than B/E.
The rest of the positions is left for the ride, in case a surge takes place. What you think?
P.S. I didn't like to polute this strategy with indicators and stuff to define a first level of TP.
Here's my question: why have you decided for a 75 pips trailing for Cable? I'm really undecided about the trailing stop level here.
Jacko uses 50 for Euro that seems to work very well. But 50 for Cable I think it is not ok.
However, a 75pips SL will kick you off the market 75 from the toppish, right, when price will bounce and get back.
So I was wondering, wouldn't be better to TP partial at 75 pips profit, thus the SL will be at the B/E level of the original trade. That would ensure a 38 pips profit, better than B/E.
The rest of the positions is left for the ride, in case a surge takes place. What you think?
P.S. I didn't like to polute this strategy with indicators and stuff to define a first level of TP.