QUOTE(tdoptions1689 @ Jun 13 2014, 05:11 PM)
Let's take some Live example. EUR/JPY just created a long spikes. Actual my setup will failed on 138.30. But usually I will add up another 30 pips for YEN pair so my SL putting it on 138.60. So we can see a very long spikes there almost hitting my 138.60. But does it close above 138.30 on 4H. It didn't and closed on 138.2x. My setup still hasn't failed yet but if I put the actual of 138.30, I will gotten stop out already. Of course we yet to know its outcome, but if it turn to my way now? I didn't loss the trade and regain everything with profit.
Probably many people wouldn't agree because text book didn't teach you this, but they will never know how much trade I have save with this kind of strategy.
It is not about text book or what. It is about fact. If your expectancy is less than 0, you have no point trading, unless you aim to earn commission from trading, like IB.
Anyway, I am not speaking from no where, but I am not going to prove anyone how profitable I am. I was in this forum since 2007, so call traders come and go

Time will prove.
So bro tdoptions1689, prove to me I am wrong, hope to see you here in the future for many many years

But one thing for sure, I am a friendly guy, I don't have any intention to hurt anyone, apologize if what I type here offended you

or others.