Hi,

I trade forex, and I am currently reading a book by Joe Ross, and there is some confusion. I am hoping someone can help me out with this confusion.

He says that volatility must be equal to at least twice his immediate costs or he will not trade. How is volatility measured in forex? And how is costs measured, by pips?

He also says that unless he has a chance to cover costs with no more than half his position he will not trade. What does he mean by this?

He also says he trails a 50% stop. How does he work out 50% stop, 50% of what?

I would appreciate it if someone could get back to me regarding this with detailed explanantions :) Is there any one else trading the Ross Hook in forex with success?

Brendan

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