Disliked{quote} Hi Emmanuel. I am sure this has been asked but I'll ask it again. Why do you open a new basket instead of just keeping the existing position open? Cheers,Ignored
Look at the PA and S7R on Day chart, there is a support level where potential bounce. So I first took profits with the 2 trades, and so long as my trade setup is still valid and there is no trade invalidation, I will let the bounce re-open new ME trades. This way, I can get a better average entry price with several ME trades during the price bounce.
In other scenario where there is no S&R in the direction of the 'trend', I will protect the older trades and add new one with ME and also can use larger trade lots size to increase profits.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett