Disliked{quote} AUDUSD - update {image} Manual close be considered at the level shown on the chart or alternatively at 25 pips or greater. Lets see! ps. TP level shown lower down represents a 50 pip take profit! Masterrmind...........Ignored
Trade eventually taken out for a little better than BE.
Comparisons can also be made between the time it took leg AB to develop relative to the CD leg.
If the PA is slow or relatively flat always give it a chance but lock in at least some profit to protect the trade.
Bullish reversal back up to the DO line resulting in trade closure.
I see no point in reversing the SL back out beyond Point A and only time will tell if this would have provided a 'better' trade.
Allowing the stops to remain out so wide also creates an element of risk.
In the case of higher lot to account balance/equity ratios it is usually wiser to lock in profit sooner rather than later.
Onto the next setup............
Masterrmind............
Master your Mind then Master your Trades