Hi flashheart,
OK, i will give you low down. First though q at +63 and q at +68 is +76 average on the half trade then +130 is the other half trade giving +103 for the entire trade that's a 5% gain on the trade.
background i don't normally take quarters, but just so you understand where i came...
tightened stops up on this 1.0040 and extended target 1.0100 - 1.0120 locking in +48 (ON REMAINING HALF) AND ALREADY HAD + 63 (QUARTER) +88 (QUARTER)
just banked 130 on the other half
Originally Posted by robinbanks View Post
long gbpusd 15555 stop 15537 target 15700
taking half this trade off at 15638 + 78 and stops at 15600
out here +45 on half +78 on half. so 61 pips after average.
I always use 2% of my account and use 40 point stops, however the gbp/usd trade i used only a 20 point stop so doubled. my risk reward will always be in excess of 2/1 more like 3 or 4/1 and my management is always to cover my risk as soon as i can with a breakeven stop.