Well done 60mm
I have attached a chart just to describe different take profit areas to look for..New traders may find this useful
I did not take this trade as I missed it but 60mm entered the trade and has demonstrated very well how to manage trades on the more aggressive side..
As you can see you have the entry..
My first target at this stage would have been the S1 I would pull out one lot of my two lot trade and pulled the stop loss to entry price and let the other run untill it reached the yellow support line and then I would have made my exit..
Giving 30 + pips to lot 1 and 45 + pips to lot 2 for a 16 pip risk..
This is how I trade because it keeps me consistent.
You can see how a lot of traders had the same thought because as predicted the price bounced off the yellow line and caused a small pullback..
60mm has demonstrated perfectly that by managing your trades you can have a more aggressive take profit..Please bare in mind that High Impact news was in progress when these trades were made which is great when you are on the right side of the news..[/quote]
Sorry forgot to add chart
I have attached a chart just to describe different take profit areas to look for..New traders may find this useful
I did not take this trade as I missed it but 60mm entered the trade and has demonstrated very well how to manage trades on the more aggressive side..
As you can see you have the entry..
My first target at this stage would have been the S1 I would pull out one lot of my two lot trade and pulled the stop loss to entry price and let the other run untill it reached the yellow support line and then I would have made my exit..
Giving 30 + pips to lot 1 and 45 + pips to lot 2 for a 16 pip risk..
This is how I trade because it keeps me consistent.
You can see how a lot of traders had the same thought because as predicted the price bounced off the yellow line and caused a small pullback..
60mm has demonstrated perfectly that by managing your trades you can have a more aggressive take profit..Please bare in mind that High Impact news was in progress when these trades were made which is great when you are on the right side of the news..[/quote]
Sorry forgot to add chart
Thank You James16, Fijitrader, Mbqb1, ghous, Pinbar and Jarroo. cpfleger