Conquering final fx frontier – the global challenge

Here I go ...
FIRST TRADE ...
EU LONG @ 1.0506 ... Limit 50 pips ... SL 25 Pips ... 1:2 R2R ...

Story now ...





Target Hit ... 5$ profit ... on a 1,000$ account, tht's .5% for the day ...
No over trading for me ... Done for The Day ...

Just before shutting down the comp ... Saw an Opportunity ...
Who AM I to say no if the Market wants to bless me with 5 more $ ...
10$ for the day ... On a 1,000$ that 1% for THE DAY ...

1 Trade Hit da Target ... 2 trades hit TSL ...
2 trades in Play ...
Waiting for them to play out to Update ...

Yesterday's Trades ... 3 Trades ... 1 Hit the target ... Other 2 hit TSL ...
At the end of 5 trades, per my strategy & Planning, I shud hv made 27$ ... But realized 19$ ... Have to make 8$ more in the next week trades ...

How many pips are TSL Sir?

It depends on session, week of the day, strength of the trend etc ...
Normally, for EURO pairs 20-25 pips, for GBP pairs 30-35 pips ... If the Trend strength is good, I trial by previous candle H/L
Hope it helps ... Shoot if you have any doubt ...

Can we use auto trailing SL when our trade is good in profit like 50Pips in eurusd?

And previous low of candle is giving only 16 pips profit then put 15Pips SL Then make it auto trailing Sl by 30pips. Is it good way to use TSL ? Thank's

TSL is about maximizing the profit by keeping minimum risk and pocketing pips along the trading journey ...
I do use auto TSL in the middle of a trend ....
But if I'm entering a newly started Trend, I follow by previous candle H/L as this gives larger profit as smaller TSL gets hit more often than not ...
1 more way I use TSL is ATR(14) ... This gives more clarity about the momentum ...

4 trading days are over ....
Result/s till now ...
37$ profit ... thts 3.7% on 1,000$



As I was aiming higher profits from KPL's, all the trades hit TSL ...
Have to rethink the Targets