Thread: Follow The Bouncing Pip
View Single Post
  #1422 (permalink)  
Old 10-01-2007, 04:48 PM
dxtrade's Avatar
dxtrade dxtrade is offline
Senior Member
  
Join Date: Jul 2007
Location: Maldives
Posts: 194
dxtrade is on a distinguished road
Quote:
Originally Posted by soul View Post
refer to your cut loss position, it may be lower than the arrow's high, isn't it? why you do so, if it hit your cut loss then drop again, would you chase back?
I take a 30 SL for EJ and a 50 SL for GJ. In my opinion: either it's a reversal and the price goes my way, or it isn't...and then I can live with my 30-50 SL.

And I don't chase it. I wait for a new entry!

The EA is not from me, and I will not tell when, where and why!
The author may decide! Still testing!
__________________
Happy Trading...

"Failure is only a temporary change in direction to set you straight for your next success."
"Winning is a habit. Unfortunately, so is losing."
"It’s so simple to be wise. Just think of something stupid to say and then don’t say it."

"Say what you mean, but don't say it mean!"
Reply With Quote