I took this trade yesterday
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Disliked{quote} Wow that's great. I was looking at that as well but was confused about the short red and green area and the 2 arrows. I guess next time I need to take this as a strong signal {image}Ignored
Disliked{quote} no kagbe I actually had my risk to reward set for 1:1 so I took like 25 pips lol. this is why I want a trailing stop EA like this but haven't found what I'm looking for https://www.youtube.com/watch?v=EHJDSOQeNFoIgnored
Disliked{quote} You can trail manually. What you could do is to have your supports and resistances well in place in your chart. Once price breaks a new one in the direction of your trade, you move your SL above/below the previous SR. The rationale behind that is in a trendy movement, if price breaks a new SR, it is very likely it won't come back and break the previous one. If it does, it can mean one of 2 things: 1. Trend is reversing. Then you get stopped out but early enough to keep enough hardly earned pips. You then re-evaluate the price action to decide...Ignored
Disliked{quote} but that's a big problem lol. I'll be tempted to cut the trade once it starts retracing. I'd rather have a trailing stop EA like that one in that video that trails the new levels that are created. I can just set it and leave it and not put my emotion into it with wanting to close it early when I have decent profit and end up missing out on a run that lasts days. Yes if you can post an illustration that would be nice, but like I said, the biggest problem is my emotion will want me to close out when I have atleast 20-30 pips profit lol.Ignored
Disliked{quote} You can trail manually. What you could do is to have your supports and resistances well in place in your chart. Once price breaks a new one in the direction of your trade, you move your SL above/below the previous SR. The rationale behind that is in a trendy movement, if price breaks a new SR, it is very likely it won't come back and break the previous one. If it does, it can mean one of 2 things: 1. Trend is reversing. Then you get stopped out but early enough to keep enough hardly earned pips. You then re-evaluate the price action to decide...Ignored
DislikedKagbe or anyone, how many pairs do you follow? I opened up all pages that Doirot suggested but I find myself scanning 3 or 4 time frames on all pages all the time.Ignored