Hi,
I want to hear from your experience. What will you do if price action not like your plan ? You will close your position or still open it ?
Let me give example:
Yesterday i opened a short E/U 1.2939 after i see a high and low-high. My plan yesterday is price may touch 1.2970-1.2972 support zone (my own view) and fall back, but it must have high-low high to enter short. You can see in my chart below. I entered short with sl 1.2980 and tp 1.2880.
After that, price moved down a bit and up, but my sl had not been hit yet (1.2978) and now down to 1.292x.
I closed my order with +15 pips.
Of course, my SL haven't been hit, but price moving is not like my plan.
Should i close my order or let it run untill it hit my tp ?
I'm also a daytrader, i do not like to hold my order more than 1 day.
Sorry my bad english.
I want to hear from your experience. What will you do if price action not like your plan ? You will close your position or still open it ?
Let me give example:
Yesterday i opened a short E/U 1.2939 after i see a high and low-high. My plan yesterday is price may touch 1.2970-1.2972 support zone (my own view) and fall back, but it must have high-low high to enter short. You can see in my chart below. I entered short with sl 1.2980 and tp 1.2880.
After that, price moved down a bit and up, but my sl had not been hit yet (1.2978) and now down to 1.292x.
I closed my order with +15 pips.
Of course, my SL haven't been hit, but price moving is not like my plan.
Should i close my order or let it run untill it hit my tp ?
I'm also a daytrader, i do not like to hold my order more than 1 day.
Sorry my bad english.
Attached Image
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