my order was hit. And also the TP
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
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DislikedPretty tight. Stop was about 25 pips and TP was about 20 or so. Got out for 18 pips.
I based it off a 15 minute chart so didn't expect a huge bounce.Ignored
DislikedMoney management is critical for staying in this game long term.
Read about this and risk/reward ratios it will save you from a blown account when you have a bad run.
By the time your broker has had their spread even a stoploss like I typically use of 40-50 is at risk from 'noise' some pairs are worse that others.
Only taking trades with a risk reward ratio of 2:1+ means you only have to be right 33% of the time to break even.
I only take a trade if there is a clear potential run of >x2 my stoploss size.Ignored
DislikedBumasoft i`ve got one more novice question don`t laugh i know it`s stupid but when i try to determine the S/R level do i have to look where price was closed or do i have to look at the spike
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DislikedBumasoft i`ve got one more novice question don`t laugh i know it`s stupid but when i try to determine the S/R level do i have to look where price was closed or do i have to look at the spike
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DislikedA line at each can give you a nice s/r zone to play with. Look back and see how price behaves at 2nd and 3rd visits.Ignored
DislikedI really must get back into putting these things up beforehand but anyway this is a classic set up. A nice buy from 11250 over 100pips to a predictable resistance line at 11398 and a with trend sell.Ignored
DislikedNice work RC. Can't believe I missed the shorting opportunity at 113.98. Trendline and previous daily low intersecting.....duhIgnored