My entries are easy and so are my exits. I can describe them in one sentence:
I trade a 1:1 ration regarding to the stop and target and always trail the 1R.
Lets see an example.
I went long the EURO today. I measure the volatility. The Green line is my entry and the red line is the space that the euro needs at this point of time.
So re dline: 158877
green line: 157954
difference: = 923 = 1R
My stopp 157954 – 923 = 157031
My target 157954 + 923 = 158877
It is that easy.
I know there are different ways to measure volatility but this is my way. Yes I change the exit some times based on some guts feeling or when I trade neutral positions but the basic idea behind my trades is the 1:1 ratio.
Some people say, that it is stupid to use target and never fight the trend.
I don't care what other people think.
Keine Kommentare:
Kommentar veröffentlichen