Update - initial trade locked in - took a while on this bugger
See previous posting - link below
Now we talk talking heat for a while )
My way of dealing with it on trades like this aren't by setting a 20 pip stop - thats for sure. I hedge the same chart and I hedge bigger that my initial trade size. This way my broker wont stop the trade since I can in fact show green fast despite me taking serious heat on the initial trade. As I see the trade go my way I take profit on the hedge and now the trade is totally locked in with the first trade as well.
Thats how you roll
/Rolo
Now we talk talking heat for a while )
My way of dealing with it on trades like this aren't by setting a 20 pip stop - thats for sure. I hedge the same chart and I hedge bigger that my initial trade size. This way my broker wont stop the trade since I can in fact show green fast despite me taking serious heat on the initial trade. As I see the trade go my way I take profit on the hedge and now the trade is totally locked in with the first trade as well.
Thats how you roll
/Rolo
