by il brigante » Tue Apr 05, 2011 6:57 pm
Reasons to enter gbpchf trade: Prices broke my 4h downtrendline. I switched to 1h time frame, but the risk was to great (pips), so I moved down to 30 minute and took the trade risking a bit more then 60 pips, still to much for me, but I wanted insure that my SL was placed below my resistance.
I also would like to say that this is what I think I have learned from Simpleforex, that I consider very important, you need to start your trade with a small risk pips amount, lets say 20 to 40, because if you start with a 100 pips risk, then it would be very difficult to gain that healthy R/R that will make you a decent trader.
Cheers
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