GER30 +2 +186. My initial TP was at the 200% of the 123, but, i drew S&D levels for a reason so I decided to trail my sl to lock in profits and hold on for the H4 S&D level, this was of course supported by the stochs & MACD on the 10 pip Renko which stayed up above the 50 level confirming upward momentum, slow but upwards.
Don,t enter a trade without knowing where you are going to exit and why, you can change your mind once you are at BE or have locked in profits but if you do not know where you are going to exit you have NOT Planned your Trade so you should not be in a trade!! if price moves past your TP for another 100 pips, so what! You traded your plan and if your plan is to make a profit, you made a profit.
Don,t enter a trade without knowing where you are going to exit and why, you can change your mind once you are at BE or have locked in profits but if you do not know where you are going to exit you have NOT Planned your Trade so you should not be in a trade!! if price moves past your TP for another 100 pips, so what! You traded your plan and if your plan is to make a profit, you made a profit.
Cut your Losers short and let your Winners run.