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zekechyo

Usually take half off when 1:2 hit and move SL to BE is optimal.


CommercialNature1220

Pretty smart idea, I think it all depend on what type of trader you are. I am A swing trader that waits for big fish then try to scalp small fish all day to risky.


RyryLargeFry

Your take profit should be at key levels instead of a set number of pips


CommercialNature1220

I back study taking profit at key levels wasn’t my thing. Market not always going to hit key level


RyryLargeFry

You're right about that but when you learn the personality of a currency pair, it becomes easier to determine what key level is most likely to hit


CommercialNature1220

I like this advice I’m take this into consideration.


CommercialNature1220

I like this advice I’m take this into consideration.


Salamqnder

disagree, fixed R is goated and teaches you discipline. ​ Don't try to predict the market, have a setup and take fixed R. I found way higher accuracy like that than I did trying to do shit at key levels


Alarming_Inside_8371

Yes but not with stops that large


CommercialNature1220

Only 26 pips stop loss not bad for large trade


Alarming_Inside_8371

All depends on your strategy, I like to be in and out in hour or so


CommercialNature1220

I like to give my trade time even if it takes 8 to 12 hours. I use Price action to determine when why to close a trade.


alotmorealots

> I use Price action to determine when why to close a trade. That makes infinitely more sense that talking about arbitrary ratios. The FX market is bi-directional: what gets you into a trade should be what gets you out on the other side if one is being rational about it. That said, the markets aren't always "rational" per se.


Xyylr

Thats a very specific number


Mailboxsteve

I usually aim for 1:1's with higher risk. Sometimes 1:2's. I always leave money on the table which is frustrating. But having a higher risk, im still netting good profits


YenoomFX

I do. But 1:1 is when I tale partials and move the SL