Dear Investors
This is an update to yesterday's setup on this pair
Price broke above the neckline of the head and Shoulder Pattern before providing a valid confirmation on the retest.
This Trade is currently active and I have secured Partial profit as usual because Price is above +1R
What is the significance of Partial Profit?
Like I explained in my previous post, Partial profit creates a scenario for a risk free environment, but that's not all. Partial profit is significant to the growth of your equity because it allows you to pay yourself first, which is the main purpose of every investment.
Instead of hoping and wishing that Price continues to go in your direction, you can simply create a System for securing Partial profit.
I close Partial profit above +1R, at +5R and at +10R and I follow thus system EVERY TIME WITHOUT EXCEPTION.
The first Partial profit gives me the risk free buffer to hold on to the trade for longer periods once it is going my anticipated direction and if price hits my Partial profit threshold, I keep paying myself until Price reverses.
Let's see what happens next, I'll keep you guys updated if price continues or if price reverses.
This is an update to yesterday's setup on this pair
Price broke above the neckline of the head and Shoulder Pattern before providing a valid confirmation on the retest.
This Trade is currently active and I have secured Partial profit as usual because Price is above +1R
What is the significance of Partial Profit?
Like I explained in my previous post, Partial profit creates a scenario for a risk free environment, but that's not all. Partial profit is significant to the growth of your equity because it allows you to pay yourself first, which is the main purpose of every investment.
Instead of hoping and wishing that Price continues to go in your direction, you can simply create a System for securing Partial profit.
I close Partial profit above +1R, at +5R and at +10R and I follow thus system EVERY TIME WITHOUT EXCEPTION.
The first Partial profit gives me the risk free buffer to hold on to the trade for longer periods once it is going my anticipated direction and if price hits my Partial profit threshold, I keep paying myself until Price reverses.
Let's see what happens next, I'll keep you guys updated if price continues or if price reverses.
