DislikedWhich is the best method of profit taking?
Let say that we get a double top, followed by a reversal bar, we place a sell stop order 1 pip below the reversal bar with a SL 1 pip above the reversal pattern (20 pips risk)
Would we wait to gain what we risk before partial profit is taken or before?
Depending where next support lays? I know this a difficult issue. But if you like to let me know how you do it, I think that will be great. And sorry about to many questions, this will be my last one.
Cheers
mlaIgnored
You have to define yourself to the time frame and adjust the ranges of profit accordingly.
It's not a bad question, there just really is no right answer...
Money Can't Buy Happiness. Poverty Can't Buy SHIT! You Choose!