Thanks @debtfree and @peter2 both for your replies and suggestions.
@debtfree I did find those two threads, a lot to take in initially, but as you said, need to read few times to understand better.
@peter2, thanks for referring to post#245. I think I understand now how to work out the trade...
Hi peter2 and others contributing,
Great thread. I'm an absolute novice, but trying to follow along. If I could ask a dumb ques :o, can you explain a bit more about 'TR' and '+1R'.
I found in a previous post "TR is trade risk and in this thread we are risking 1% of our account on each trade...
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