Disliked{quote} Why did you choose a TP at all, keen246? How did you choose that level?Ignored
I want to check on less volatile pairs like UJ. Maybe on those it's better to trail by 5 pips as suggested by your method.
I do move to BE+1 when +5 in profit. That for sure if a safety net.
I chose on this particular trade to have a TP close to the last swing. Based on my observations of PA, I know there is a high probability that if price is moving on one direction, it aims for the last swing (lower TFs). There it will make a significant pullback which will eat most of your profits or reverse to continue on the trend direction. So, for me it's better to take profits there and not risk your profits.
But that is just stuff I've learned observing the markets and maybe need to unlearn.
Have good weekend.