London New York Tokyo Helsinki

Friday 22 May 2009

As there was no any extraordinary price action I have closed my GU position with 97 pips gain. The only reason for that is closing position before market close on Friday 

In terms of Risk/Reward ratio I wouldn't say that it was 1:1. Please keep in mind, that my 100 pips SL was placed in case some accident happened.It's not exactly same thing when you place some SL because method demand it o be paced exactly here or there. R/R factor makes sense when you use automated trading rules. In my recent trades My SL and TP were rather floating and depending on my impression about the market. Therefore if anyone wants to think what is m RR ratio, one should follow all my trades and figure average loss and average profit taken from all trades [there is not enough of them so far to count some reliable averages, but sooner or later there will be more]. I am protecting my position from unexpected loses by placing SL, but those are rarely triggered as I exit position much earlier [usually when I change my opinion about market sentiment]. So here's piece of my thought about trading philosophy.

No comments:

Post a Comment

Archive