Hi guys,
A few silly questions.
If we take H1 as an example, would you move SL to BE before the current bar closed? In particular, would you move SL to the level where BE is below the current bar's High?
Also, do you mean true "breakeven" (i.e. zero profit), or after you took part of your position off you simply move SL to the entry point (so that when that new SL is hit you are still "in the money")?
Many thanks in advance!
A few silly questions.
If we take H1 as an example, would you move SL to BE before the current bar closed? In particular, would you move SL to the level where BE is below the current bar's High?
Also, do you mean true "breakeven" (i.e. zero profit), or after you took part of your position off you simply move SL to the entry point (so that when that new SL is hit you are still "in the money")?
Many thanks in advance!
One Chart is Worth Ten Thousand Words.