Stop Loss at -110 pips
I only trade on the daily so mostly Swing trades and some even Position trades depending on how long the trend continues.
The first take profit is at 70 pips. Here I close 50% of my position and move the stop loss to break even.
Thus scaling out and then putting a trailing stop as soon as the trade reaches +140 pips. The trailing stop will be set at -110 pips.
Giving the trade some room to breathe and give it the chance to take part in big moves.
The Prediction & Peseurment tool is for visual purposes only to indicate the direction follow the instructions above
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
I only trade on the daily so mostly Swing trades and some even Position trades depending on how long the trend continues.
The first take profit is at 70 pips. Here I close 50% of my position and move the stop loss to break even.
Thus scaling out and then putting a trailing stop as soon as the trade reaches +140 pips. The trailing stop will be set at -110 pips.
Giving the trade some room to breathe and give it the chance to take part in big moves.
The Prediction & Peseurment tool is for visual purposes only to indicate the direction follow the instructions above
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Comment:
Comment:
Take Profit has been Hit already!
Closed 50% of my position.
Moving my Stop Loss to break even.
Closed 50% of my position.
Moving my Stop Loss to break even.
Comment:
im out