How do you determine which pair to move to BE please?
I notice some of the sales have not been moved to BE some have.
Thanks for a clue.
Banked some swap interest and run up profits this morning...nice.
First notice the TREND...What's the market TREND...all BUYS. You are confident the market says BUY...from Pitbull Indi
The pair in greater profit move to BE.. it is moving strong as shown on the bottom line PB screen...i'll wait for daily close, but it's all discretion, there is no hard rules, locking in profit is another option.
For me BE is easier because there are only two outcomes either price close the position at BE or it grows. either way theres NO loss.
BE position are DD control too...
I will stack one additional with the Trend at market open NO stop loss...remember there's one already in profit XXX pips..so if the new entry closes in a loss ...the positive position is risk free and will essentially cancels the -ve close.
Stacking and position sizes very important
it's just the same concept but slower and more pips and more time to do stuff and it's boring, because you are just making sales at day- week end or month end, more like reconciling the books.
newly stack or lower positions in profit are taken off to account for loss and wins...but always have a NET +ve...think profit
Positions at BE grows with the Trend ..reduce DD automatically when price moves
Hope this helps.
I have no intention of confusing new comers but pls if you are new..you have to DEMO THE base concept..think with an open mind
Explore, problem solve, think business read the first part of the thread
This concept has to grown on you for min 1month...DEMO ..on screen and off.
Trust me some of it does make sense at first glance...but truly immerse you self-
It wont be 123...but DEMO and it becomes easier...
The simple stuff is harder for adult with BIAS to grasp...but a kid with free mind can do it easily...
not my words but I share the understanding
I have to pay respect where it is due.
God bless Brijon and his Business management technique or trading the forex