And yes the answer to the previous question is that my stop loss level was the same at 1378 whether I entered earlier with the break of the slant or later with the break of the horizontal. Entering earlier at 1348 versus1335 at the horizontal, I can command a position twice as big while risking the same i.e. 1% of trading capital. If I entered at the horizontal, my profit will probably be 2.1R only.
Why 1%, you may ask? It sounds pretty small. Next time I will show you why. And why inevitably, if you trade long enough and want to continue prospering from trading for the long term, you really should stick to no more than 1%.
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