To adjust the stop loss - we wait until a new high forms.
1/ Find the new high candle
2/ Count back 2 days candles
3/ From this 3rd candles' base draw your new stop loss level.
You have now locked in your profit.
Rinse and repeat each new high or until you get stopped out.
1/ Find the new high candle
2/ Count back 2 days candles
3/ From this 3rd candles' base draw your new stop loss level.
You have now locked in your profit.
Rinse and repeat each new high or until you get stopped out.