Guys.
I have 2.5 lots long at about 100 pips profit. I have SL moved to BE and I am looking at trailing SL at 100.
Price has moved seriously past the 61.8 fib retracement and I am expecting more positive movement.
I am going to bed soon but I am now at BE so I have NO RISK.
NO RISK, is my point here. If I lose by not gaining on the upside, so be it. I cannot, NOW, lose on the downside. That is key in my estimation.
If the current market goes down past my BE, I will lose nothing but if it comes back up my Pending Long ordrer wll kick back in and keep me in the positive trend profit.
If it keeps going down, I have lost NOTHING.
Dave R.
I have 2.5 lots long at about 100 pips profit. I have SL moved to BE and I am looking at trailing SL at 100.
Price has moved seriously past the 61.8 fib retracement and I am expecting more positive movement.
I am going to bed soon but I am now at BE so I have NO RISK.
NO RISK, is my point here. If I lose by not gaining on the upside, so be it. I cannot, NOW, lose on the downside. That is key in my estimation.
If the current market goes down past my BE, I will lose nothing but if it comes back up my Pending Long ordrer wll kick back in and keep me in the positive trend profit.
If it keeps going down, I have lost NOTHING.
Dave R.