There is an old saying that says you should “let your profits runâ€. In regards to this there are two schools of thought. One: this is good advice and it should be followed. Two: it is better to be consistent and follow your system and take several trades out of the long run. The down side of letting the winners run is that you lose perspective of what is average. The really big winners do not come along that often. By staying away from all of the big moves and stick to your trading plan you will not become confused as to whether it is a big move or an average move. By sticking to your trading plan then you can keep your mind and your capital free to make the most of several trades over the life of the larger trade.
A good method of trading is to be consistent in the way you trade even though you will take small losses once in a while. By trading the same way every time, you will have a better chance of seeing your account grow on a steady bases. When you do this, you are freeing up time and money that can be spent on other average trades—trades with which you are familiar and know how to handle without panicking. In the end this should prove itself more profitable.
All the above information just means that you need a reliable system with as many positive trades as possible. It would be better if the system gave signals to enter trades from indicators rather than candlestick movement. The system should also work on any currency pair and in any time frame. This holds true for when the market changes and moves in a different way. It is our opinion that once you become a good trader you will know how to trade the big moves and make additional trades for smaller numbers of pips as well as adding on to the big move to maximize profits.