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Old 10-05-2005, 11:11   #6
happytree
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Re: How many pips till you close your position

Quote:
Originally Posted by Knew 2 4 X
What about on a small lot of 100 ? With a small account ~$1,000.

Your method or system should tell you when to get out of the trade whether it be positive or negative. Once you enter you should have a realistic expectation of where price movement will take the pair. Whether you target a fib, an EMA, or some S&R there should be a realistic profit target. The targets are the same regardless of account size.

But if you are really trading the way you said are with out charts just using highs and lows then you have no way to target a profit exit or a stop loss.

Good luck to you.
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