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In forex, it's extremely rare to have profits over 40-60 pips. On the contrary, it's even more common to have 40-60 pips losses. You only need to find change for 40 pips and risk 20. If you're out, be out. There's too many opportunities to marry singular analysis. Be vigilant in your strategy.
@ntabish12 Actually it is not so much 20 -25 pips or so, it is more about the current volatility of the market. A good way is to measure the ATR (average true range) of the market over the time frame you are trading. That way you are not selling yourself short. Sometimes 20-25 may be enough but you may be able to get more if the ATR allows. In other word structure your profit targets around the current volatility of the market.
[quote="Cabezadeltoro"]@ntabish12 Actually it is not so much 20 -25 pips or so, it is more about the current volatility of the market. A good way is to measure the ATR (average true range) of the market over the time frame you are trading. That way you are not selling yourself short. Sometimes 20-25 may be enough but you may be able to get more if the ATR allows. In other word structure your profit targets around the current volatility of the market.[/quote]
Fear is more powerful than greed. Human emotion creates market sentiment.
