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Would you take profit with 500pips profit or?

  • Post #1
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  • First Post: Apr 8, 2007 11:01pm Apr 8, 2007 11:01pm
  •  barak
  • | Joined Jan 2007 | Status: Jacko Turtle since May 08 | 334 Posts
I had a buy stop at 92.00 in Feb 07. Price got hit on 1st March 07.

With a simple calculation on Capital $11,000, i placed a 0.5 standard lot. Now we're sitting at 500+ pips profit, i'd like to run a poll and see what is the majority of votes on the things i should do.
Balance: $11,467 Equity: $13,969 Swap: $252.36 536 PIPS 0.5 Lots
Still waters run deep
  • Post #2
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  • Apr 8, 2007 11:05pm Apr 8, 2007 11:05pm
  •  barak
  • | Joined Jan 2007 | Status: Jacko Turtle since May 08 | 334 Posts
Not well written, please reply in the other thread.

My apologies.

http://www.forexfactory.com/showthread.php?t=23646
Still waters run deep
 
 
  • Post #3
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  • Apr 8, 2007 11:05pm Apr 8, 2007 11:05pm
  •  aicccia
  • | Joined Jun 2006 | Status: Carpe Diem | 854 Posts
lol....no offense but this is a new one for me. I don't know what your entry conditions are but I've taking polls as a way for exiting is a new one for me.

The bottom line is if your analysis says you should exist, then exit. If it doesn't then don't.

And if you don't really have any analysis and this trade was just luck, then exit now.
 
 
  • Post #4
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  • Last Post: Apr 9, 2007 12:02am Apr 9, 2007 12:02am
  •  ScottH
  • | Joined Nov 2005 | Status: Trend trader | 297 Posts
maybe set a trailing stop of 30 (or however many pips you are comfortable with) pips and let it go from there. that way you are guaranteed 470 pips, and there is a chance you will get a few more.
 
 
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