Let's say you look at a monthly pair. It's going upwards so obviously you long. As you know price will go downwards then rally then move upwards etc.
Has any of you decided let's TP early then decided to do a short when price rallies downwards tp then afterwards long again?
I know it's not really easy in fact more risky probably needs a very experienced trader to do this as i mean even trading the trend by itself isn't as easy as it seems much less trading to trade all market moves but i was just thinking why let a good move be wasted like this.
Anyway i think you either need to watch the market closely if you trade every single move.
Has any of you decided let's TP early then decided to do a short when price rallies downwards tp then afterwards long again?
I know it's not really easy in fact more risky probably needs a very experienced trader to do this as i mean even trading the trend by itself isn't as easy as it seems much less trading to trade all market moves but i was just thinking why let a good move be wasted like this.
Anyway i think you either need to watch the market closely if you trade every single move.