Conservative strategy

@ 2:35 trade 5
SL hit

@ 2:50 trade 6
@3:10 SL hit

Summary

3 Profit Trades and 3 SL Hit

Profit 15 without brokerage.

Are you not using the Scale-in/Out MM Rules of 4 - 2 - 1 // 2 - 1 - 1

Happy

Please read my recent post above.

1. 1st Trade is a loss. So, we take 2nd trade with 2 lots. 2nd trade hit target.
1st trade loss is 10 points. 2nd trade profit is 30 points.
2. 3rd Trade has hit the target. 3rd trade profit is 15 points.
3. As per the original plan, we take only three trades per day.

1st trading day (01/8/16) P&L

-10
+30
+15
=====
+35
-6 for Brokerage
======
29 points profit
======

Sorry, it's my mistake.

suri sir,

found ur thread interesting though i am not firm believer of small target trades. but still somehow i feel there is edge in ur system.a very best of luck. the 2nd trade u shorted with 2 lots so Brokerage should be 8 points instead of 6 points. correct me if i am wrong.

Long over 9.35 bar......8704. Hit SL in 10.20 bar.

Hope this is correct trade.

Yes Correct, 2nd trade 2 lots with 10:20 bar high.

2nd Trade.....Long hit Tgt. 8702 - 8717......