Should have posted sooner. But it's still good for a breakout trade if you can find the intraday pull back.
I don't play that way. I enter on 4 hour signals for daily/weekly reversals.
75 pips drawdown to next entry will cause 1.5% loss in equity, with limits 1.5x greater than total size at 1.0560s.
100 pips down from that would cause a total 6.5% equity loss. I doubt we are going to 1.0450s without a significant bounce though.
I don't play that way. I enter on 4 hour signals for daily/weekly reversals.
75 pips drawdown to next entry will cause 1.5% loss in equity, with limits 1.5x greater than total size at 1.0560s.
100 pips down from that would cause a total 6.5% equity loss. I doubt we are going to 1.0450s without a significant bounce though.