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- Scott2locky replied Jul 2, 2019
I've offered this simple profit taking solution multiple times before...I was in the same trade as you.
- Scott2locky replied Jun 21, 2019
And there ya go! Another PP hit...I did not hold for that PP as ADR was already overextended and it being Friday, but as you can see it would certainly be easy to use them as part of your MM strategy to take all subjectivity out of the post-entry. ...
- Scott2locky replied Jun 21, 2019
Here is two examples of a couple of trades I took today and how I manage profit taking on a daily basis using the aforementioned target areas. My entries are not as sexy as picking the tops/bottoms and 100's of pips, but serves my purpose as I ...
- Scott2locky replied Jun 11, 2019
It's just the TMA Period=40 (center line) on 5m chart. I just drilled down from @YoungET's 15m purple dot alert example. I apologize, I thought you were using that TMA, so I was just trying to put to use an indicator already being used by the IRUTM. ...
- Scott2locky replied Jun 11, 2019
EU 5m timeframe. Possible simple discretionary entry+filter. Nothing complicated. Of course later entry will be fewer pips but also less drawdown.
- Scott2locky replied Jun 5, 2019
Yes, but why not hold the position(full or partial) until BRN? Why not hold until it reaches a PP? Why not hold until price fills gap of around May 5th? If you generalize profit taking levels without taking into account the R:R ratio, win rate, ...
- Scott2locky replied Feb 7, 2019
Hi George, First of all, congrats on your winning GJ trade this morning. I would like to possibly help some of the newer traders as I remember being confused in the early days of my trading career when teachers did not communicate accurately what ...
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