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Originally Posted by ANCOLL
@jafar
you put 10 pips target and 20 pips for stop loss, means you will have Reward : Risk ratio for 1:2 , if the system goes 50% chance, you will lose for sure.
Could you please kindly explain this?
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I have my bad days. Don't we all? But I do end up in profit in the end. I don't always go for the full target as I said. I keep a very close eye on the market while I'm trading. If I see it's going to turn bad after 6 or 7 pips profit, I take 6 or 7 pips. After all, 7 pips is almost 10 right?
Conversely if I see the trade may take off, I sometimes extend my target, but I always start with 10 pips target as a "safe" trade to take.