DislikedHi Lowen,
I don't trade any counter-trend trades so I don't have a big experience when you should move SL to BE in this case but definitely the PB with trend is the warning sign.
If I remember correctly Jankone advocates for moving SL to BE as soon as possible in counter trend trades and he kills a position if it doesn't shoot until the third bar or so.
I see that you couldn't move SL as you were out leaving open position. You decided to do it and you should have been fully aware that it could be a loss. No reason to avoid losses really. They...Ignored
i think your ideas are very reasonable. Looking on the chart now, I also see what you talked about: the price did not really go in my favour, and then the bullish PB.. that should've been my trigger to close or at least move to BE..
well, shouldn't go to lunch with a trade being active
@ lindsay: right, would have perfectly fit to the RR 1:1