Whats your win:lose ratio at the moment? What R is your SL? 3R is a nice minimum win but only makes sense in context with how many losses and how much each is....

Systematic Trend Trading

Again I can only admire your self discipline. I assume your analysis tells you that 5/6/7 R isn’t as profitable over time? Have you run a demo forward test using 5/6/7R TP and trailing at 1/2 R behind?

Systematic Trend Trading

Yes it’s called grid trading lol

Systematic Trend Trading

Was this the trade you were considering closing at 4R?

Systematic Trend Trading

As tempting as it is then it looks as if you need to let it run, although my own preference would be to move stops to b/e at 4R and certainly at 5/6R. But thats just me... May even be worse to take profit at 4R as if it proves to be correct this ...

Systematic Trend Trading

is 7R your take profit? if so price seemed to have been within spitting distance... Like you have said before, any decision should be based on what your rules and homework tell you... taking 4R and watching it run to 8/9/10 R is just as irritating ...

Systematic Trend Trading

Yes, sorry I should have read the earlier posts re hacking the fib tool. That's a really useful indi for looking back over historic trades and seeing what level they ultimately reached and of course establishing expectations on entry. It's ...

Systematic Trend Trading

Hello 60mm, I have been following your wonderful (slightly old now!) thread on Buy/Sell line trading which has been very helpful (understatement!), as well as the Steve Primo vids on youtube. KISS trading is absolutely the way to go and I am now ...

Systematic Trend Trading

Have to admire your self discipline, well done

Systematic Trend Trading