This is true but there's a reason they don't teach Advanced Calculus in 1st grade. You've gotta start somewhere
Wed Feb 27 -- 6:30am GBP/USD = 1.9861 = neg 191 EUR/USD = 1.5037 = + 207 net = +16 pips GBP/USD hit resistance at 2.000 -- should be moving down to hopefully pivot point of 1.9800. EUR/USD at all time high -- but retracement occuring more slow. Hedge still looks healthy, though yesterday it went for a scary ride...
Wed Feb 30 -9:20am Gbp/Usd --sell at 1.9856 = neg 187 Eur/Usd --sell at 1.5055 = =225 net profit = 38 pips violated my 50 pip target and settled for 38 pips -- fear took over after yesterday's somewhat scary ride -- though hedge looks still healthy... will see how it rides out and if 50 pip target is hit.
Question - why bother? - for a lousy 38 pips? Seriously. Why not just trade and grab the 225 or 187 like everyone else - or should I say me. Fear? Comfort zone? It just makes no sense BC when the million stars line up and things work you get table scraps and when your "hedge" blows up bad things will happen to your account.
Any positive and constructive criticism is always appreciated. I have a 100 pip stop loss -- why not go for the 187 pips or 225 pips is that it can just as eaily be a 187/225 loss. Looking for next hedge -- one or two per week is usually enough. Will wait till next mon for next hedge or if good technical set up occurs. Week 1 = 50 =38 = 88 pip profit.