Disliked{quote} CADJPY H4 - The market reversed and I had my S/L set to break even. Potential new setup forming.... {image}Ignored
Also, the NLD does not technically have to stay blue. This is assuming you already have a position. If the NLD closes red here and you have no position, then there is no entry.
It just depends how you want to do money management. If you are in a trade and NLD changes color. You can:
1. Get out on the close of red
2. Keep your original stop and target
3. Tighten up the stop to a recent significant low (If its higher than the original stop)