This is probably one of those "seemed like a good idea at the time" thoughts, but why not put a set of trade orders in the market at set intervals, with Take Profits at similar intervals, and just let the market run thru them like a row of Dominos?
The biggest problem that I have is taking profits; just never know when to get out, and this would seem to negate that problem as every trade would be pre-ordained.
And it seems to me that the goal of getting more pips would be easier solved by taking more contracts over shorter targets rather than trailing a stop on a single contract and going for the home run!
I guess this is a bit like the GRID trading that I have read about, except I would qualify it by saying just trade with the trend, especially when there is an overall powerful trend.
Any thoughts? Thanks, John
The biggest problem that I have is taking profits; just never know when to get out, and this would seem to negate that problem as every trade would be pre-ordained.
And it seems to me that the goal of getting more pips would be easier solved by taking more contracts over shorter targets rather than trailing a stop on a single contract and going for the home run!
I guess this is a bit like the GRID trading that I have read about, except I would qualify it by saying just trade with the trend, especially when there is an overall powerful trend.
Any thoughts? Thanks, John
Canadian by birth Australian by choice