Dislikedplease help lol. 3rd demo trade and the second time its happened. in profit, hit at BE now watching it fall without me. sell order was 1.01290 looking to hit blue rectangle.
maybe i should have moved it just above BEIgnored
its all about your preferred trade management style, and your risk appetite. You could change how much of your possition you close at the FTA, e.g. if you were to close 2/3s of the trade you could give yourself a larger stop size and still eliminate your risk as you would have more profits to play with. It is necesary to commit yourself one way or another, imo, to each individual trade. back test your trades with different approaches and see how it goes. Imo a trade needs time to develope and create a new swing h/l before the stop has any logical reason to move (other than taking of the risk, which is down emotion not TA) and when you see how price reacts then you get a better idea of how the trade is likely to develope, does it give strong move right at a 50% retrace?, does it concolode ?etc.
just my opinions
jon
PATIENCE... DISCIPLINE