Ive thought of another method to play it.

What if, for example, we entered one trade with a TP/SL of 30/30. Then say our trade moves towards our TP 20 pips. We then add to our current position by adding another lot in the same direction, but with the same TP/SL of 30/30. This way we stagger our profits. When the first trade takes profit the second trade will be 10 pips towards it's goal of 30 TP. If it goes another 10 pips we enter another trade in the same direction just like how we added the 2nd trade on top of the 1st.

What's nice about this idea is we never add to the losing trades. We aren't hedging, so don't add to a trade that might get stopped out. What could be nice about this though, is that when you enter the second trade, it will get stopped out before the original trade gets stopped out if the market were to turn on us. So we could have a system where once the second trade gets stopped out we also close the first even though it didn't drop to that level yet. This way our losses would be -30 and -10 for the two trades as we enter a new trade in the opposite direction.

We only enter one position and again wait for it to move 20 pips in our favor to add the 2nd position. This way if it again turns on us we are only losing the -30 on that one trade rather than -30 and -10. It's also nice because it offers areas where we allow the market to turn on us without erasing all of our profits. What if we have two trades triggered, the first profits, and the second loses. We would be even out of the two trades while allowing ourselves to recognize the turn in momentum early and capitalize on the new reverse trend. The problem with this idea is we may have been better off just by entering a new trade when one trade hits its TP or SL rather than staggering the trades since we close out the original trade with the second instead of allowing it to possibly close in success. We will assume it wouldn't though since price just dropped 30 pips against us and momentum will carry it further.

The benefit to staggering, is again, being able to recognize the new trend early on and being able to ride it for longer than waiting for one trade to close out on us. Matt