I really don't like the look of the market this morning. Following a level Asian session, the European Open hasn't done much and the market appears as if it's waiting for something to happen. Best stick out, imo, but I am keeping the demo open in case I suddenly change my mind and believe that I can figure today's leadership on the grounds of nothing at all.
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I simply hauled a chunk out of my own account (all profit ) because I think it's almost always a good idea to bank profits regularly and also because it will be fun to start again building it from scratch, and then see just how far I can go with this. So far as MM, I plan on beginning with an lucky number 7(%) to be revised down it after 3 wrong trades in a row or a complete 20% loss of funds. To explain where I reside with MM; I am flexible about it and that I really do believe there is a place for aggressive MM in certain scenarios (although NEVER for novices). It makes no sense to exchange aggressively as you do not understand what you're doing, but if you're using a method and it's shown at least 70% always profitable, then hell why not up the risk to a little amount of capital that's really only a little bit of play money anyway? I understand there are many here would disagree with this, but my view is that in the end it boils down to what each person can handle financially and emotionally.
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At a demo long GBP/JPY @ 122.97 with stops below @ 122.30 below hourly swing low.
https://www.nigeriaforextrading.com/...1232657895.xls