You mention on one of the captions a small 9 pip winner, but I was under the impression you didn’t get out until it reached 15 pips, so how did this occur? I have been either getting out at 15 or more, or making a loss. and also another caption says a small loser and then a 36 pip winner so UP 20 pips for the day. However, arent we at minimum using a 20 pip stop? so losses are always 20 pips or more right? depending if the ATR is larger… how did you get this number and how does one get a “small” loser?
One of the KEY elements of any form of trading successfully is to minimise the losing trades. We basically reduce the stop from 20 pips (or whatever the ATR indicates if larger) once there is an “opportunity”. That maybe having reached the 1st target of 15 pips or a significant move towards it after the end of a bar. It maybe some indication – like a single bar reversal or “telegraph pole” suggesting the move is over and a move against us is probable. Please watch some of the Daily Videos and I will always explain how and why the stop is moved.
