Disliked[color=black][font=Verdana]How do you ‘Unlock’ a trade? Simple. You wait for a strong signal that you are comfortable with. To ‘unlock’ if you want to go long, sell your short. To ‘unlock’ if you want to go short, sell your long. Then start the whole process over. Set a hedge position above/below the previous swing high/low. If you are right this time, you make back your 10 pips plus a profit. If you are wrong, now you have a ‘locked’ position of -20 pips. My personal choice is that if I am wrong, I will try it one more time. If I am wrong 3 times...Ignored
Great writing thank you for sharing, I wonder if it would be possible to give an example using a trade eg. a short locking, I must say I don't still quite understand this process, please could you provide a brief imaginery trade scenario with figures so that we can see the trade locking more clearly? Can we use this method with brokers who dont allow hedging? Thanks again!
Tracking the Specialists.