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Originally Posted by KillerKhan
today's move of USDJPY kills a martingale type of system. Notice how its not 1 big move but gradual slow progression with almost no retrace.
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EXACTLY! This is the worst - AND why an effective trading solution needs to have a mechanical collar.
The collar can look like many different things.. could be a hedge equal to the number of open positions... It could be a stop loss... It could simply be a re-evaluation of the market direction.
How bad doesd bad have to get before you realize your on the wrong side of the market???