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Originally Posted by rollingstone
Hi Nina,
Are you saying that we should change our closing technique and use CatFX it as a swing trading technique and not as an intraday only play.
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Hi rollingstone,
as Nina said - you need to scale to get the smaller and the bigger moves (for longer moves over some days do not forget there are overnight rollover costs)
Look at that move in cable from the beginning - it is a very good one, because from entry on you bad been never in a loss area.
But if you want to catch the bigger move too you must have for this a stop loss >70 - 80 pips! (for not to be stopped out at the consolidation phases)
So if you do not have a special predicted target profit you must subtract this from a possible "real-traded" profit.
mibl