Another week of negative result, this is pretty discouraging seriously. Nevertheless, after a week of tracking and tracing my each and every trade, I realised that I should have been profiting. The reason for the loses, I would think is due to my risk-reward ratio or rather take profit. I will be trying out a new plan, basically to take profit fast and have a Stop Lose not more than the risked percentage. Currently I had been trading with SL but no TP set. I will be setting TP at risk-reward ratio 1:1 this week. When I am monitoring my trade, I would basically take profit at 5 pips, depending on the price action of course. If the movement is strong I can afford to wait if not then 5 pips is more than enough. A few more trades of 5 pips each could amount to hugh amount too.
Still not giving up... ;p
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