DislikedWe only take profit when we have a signal to enter the opposite way (or if we get stopped in profit)...
Do you understand the concept of the setup bar?
If you are short and have a setup bar to go long:
If its high is broken by 5 pips+spread, it's a sign to enter in the opposite trade, so we get stopped from the previous short there, and enter long there, also.
You'll have an example of the current situation in my next post.Ignored
You have a setup Bar it broke through the top 5 ema.
When the next bar opens which is your Reverse Bar you put your
Sell stop at the bottom of your Setup Bar and StopLoss at the top.
Now lets say your Reverse bar takes out your Sell stop and your in the trade.
Lets say that it made +30 pips on that Reverse bar, when do you take your
Profit or Exit, because your next Bar can get you in negative and you lost
your +30 pips. Thanks
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