"noise" or consolidation range is around 5pts and typical move is around 10-20pts.
I was trading 2 pts stop and 4 pts target previously!!! no wonder taken out easily, noise took me out.
Taking expectancy into consideration. Reasonable target is ~10-15 points. Consider I can get good entry and prepared for 4 points stop and 12 points target (3 times RR).
I'll have a good trading plan if I can find some trading style giving me 30-40% accuracy as shown in following charts
