So let's assume you took a position with a S/L and a T/P. You calculated S/L with 100 pips and T/P with 150. As the trade progresses you adjust your S/L till break even and it gets to the point where the trade is going to conclude to the point where you put the T/P. You look at your indicators and you assume you could make more money if you adjust your T/P. Would you just take the profit when it hits your initial T/P or would you adjust - with the risk this turning against you?
And if you adjust, by how much?
And if you adjust, by how much?
Argue for your limitations, and sure enough, they're yours. Richard Bach