BTW Shay, if you look at my first post on the oil IB4 , the range is marked out with red lines.
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Hi all,
How do you guys manage a trade when a reverse signal appear? Do you add more lots or take profit?
I have long GBPUSD @ 1.9646, SL is at 1.9739. I have taken partial profit for this pair, is now letting it run. I have attached the chart.
On the other hand, looking at the chart, there could be a correction after the rally or even back dwn further.
Under such circumstances, what do you do?
Do you close the trade, or ignore the short signal and wait for another signal to add on to ur holding? (I thought of opening another account for such situation, but currently i only have one live acc which doesnt allow "hedging")
Hope someone can share your trade management here. Thanks!
cheers.
below is another example of similar trade...
oh so pretty
Mix Ma$ter Mike$ favourite tune....
Breakout!! Do do do di do da do do do di do da doooooo....
PullBack!! Do do do di do da do do do di do da doooooo....
Woooooooooaaaaaaahhhhh.....
....Price React!!! Do do do di do da do do do di do da doooooo....
The Aussie Dee's broken it's high! !
...Nahhh... 
so, you dont wait for PA....?
--Enter as soon as that bar closes.
--Wait until price breaks the high.
--You can zoom down to a 4 hr chart, a 1 hour chart or even lower and wait for price action to RESPECT your expected technical level/retracement zone. Smallest/closest stop loss, BUT least likely to play out your way
--Have a good idea that a certain level is the furtherest it will go and enter when it looks like slowing and reversing.
Hi again Shay,
I'm sorry we are confusing this for you. Our fault!
There are more advanced ways to trade.
Once you get a Bullish Outside Bar You can:-
- 1: EASIEST METHOD ....
--Enter as soon as that bar closes.
- 2: MOST SUCCESSFUL ....
--Wait until price breaks the high.
OR
- 3: HARD RISKY
--You can zoom down to a 4 hr chart, a 1 hour chart or even lower and wait for price action to RESPECT your expected technical level/retracement zone. Smallest/closest stop loss, BUT least likely to play out your way
- 4: HARDEST and MOST RISK
--Have a good idea that a certain level is the furtherest it will go and enter when it looks like slowing and reversing.
Maybe Rac used the 3rd or 4th method. They are a lot harder to get right ,and riskier if you aren't good at seeing all the influencing factors. i.e Have a lot more experience
Same is true for Pin Bars. The most probable of a win is when you wait for a break of the high/low (depending on Bearish or Bullish pin). BUT when you get better at trading you get to know which situation will allow the more advanced entry style.
In ANY of the above methods , the better the setup (right place and time, support/resistance, fibs etc) the better the chances. You really DO need to be very picky about which setups you choose to trade if you want to rake in those gains.
The best way to start out is to trade daily/weekly pin bars and wait for a break of their high/low. They're a lot easier and AND you can make REALLY good money this way anyway.
Takes a lot of experience/practice to use the more advanced methods and you don't need them yet!! It's fun when you get there. Get good at identifying good bars first!!!
, Bundy
. i thought that this is what you do....just want to confirm it...... daily pa could suggest that. Let’s watch and see . 
