Dislikedwhen the trend is down open buy at cross of 50 and tp at 75 (sl is at 25)
when trend is up open short at cross of 50 and tp at 75 (sl at 25)
when sl is hit put double lot at it with tp at next level.
Hope this is clear
Just wanted to quickly reply to your post.
I see that you use the fib tool for your trade entry & exits, I see that you have booked some nice profit, congrats for that!
I have my thoughts about fibs and to help you out I would like to ask you this question:
Do you know why price can just turn at one of your levels and why it can just go pass through it at other times?
As you know the fib tool is a measurement tool, it does just give you the measurement from point A to point B but what is it that moves price and why is it that price could respect one of your levels sometimes and other times not?