Trading With Linorth
#AUDCAD - #update

this one is currently at 70 pips of profit which is past its initial risk amount, so you can close it here.
Linorth, 

3 comments

amirhossein
ideal entry - blue line - 0.91420
stoploss - red line - 0.92605
This means that SL was 118.5 pips. So 70 pips was less than the initial risk. Right?
Linorth
amirhossein
ideal entry - blue line - 0.91420 stoploss - red line - 0.92605 This means that SL was 118.5 pips. So 70 pips was less than the initial risk. Right?
That is not what initial risk means. Stoploss is stoploss or total risk. Initial risk is the amount the price has moved against you without hitting your stop. If you dont want to lose money over the long haul, then you are not allowed to close any trade by hand unless the amount it has moved in your favor is more than the initial risk of the trade.
1
amirhossein
Linorth
That is not what initial risk means. Stoploss is stoploss or total risk. Initial risk is the amount the price has moved against you without hitting your stop. If you dont want to lose money over the long haul, then you are not allowed to close any trade by hand unless the amount it has moved in your favor is more than the initial risk of the trade.
Cool. This was new.