Thanks Jim
Yeh I had my TP at 158.30, about 13 pips below the lowest previous high/low bars. Think I should have considered the round number. Also if I'd left my initial stop in place my TP would have been hit yesterday.
Positive is it didn't turn into a loser.
Definately going back thru my trades and formalise my trade management.
Will look at the secret break bar stop loss, too!![](https://resources.faireconomy.media/images/emojis/64/1f910.png?v=14.0)
Trading plan (work in progress), finding that most templates are more complex than i'd like, so i need to try and simplify this as much as possible, as you say "the best plans are short and simple".
I think with all the levels of traders posting here it's quite easy to get ahead of ones self. A typical newbie thing, I guess.
Thanks again
Gov.
Yeh I had my TP at 158.30, about 13 pips below the lowest previous high/low bars. Think I should have considered the round number. Also if I'd left my initial stop in place my TP would have been hit yesterday.
Positive is it didn't turn into a loser.
Definately going back thru my trades and formalise my trade management.
Will look at the secret break bar stop loss, too!
![](https://resources.faireconomy.media/images/emojis/64/1f910.png?v=14.0)
Trading plan (work in progress), finding that most templates are more complex than i'd like, so i need to try and simplify this as much as possible, as you say "the best plans are short and simple".
I think with all the levels of traders posting here it's quite easy to get ahead of ones self. A typical newbie thing, I guess.
Thanks again
Gov.
DislikedI always low ball my targets. Meaning I go for nearest areas of the target. If, for example, I was short and I was looking to come down on my target say a nice round number like .6300 I would take .6305 or .6310 as target hit.
Writing out your trading plan is a great exercise on many different levels.
Maybe write one out and place it on this thread. You will get a lot of different eyes looking at it and it will prbably help many others as well. The best trading plans are short and simple.
JimIgnored