I am LONG on this pair at time of writing.
IT is important to adjust your paper profits NOT SO high that it will wipe you out and you need to restart at a higher buying price. Say you have 2 contracts and is in profits position, you can take 1 contract or 0.5 or 1.5 size and leave the remaining to run at breakeven SL position. That way, if you are riding on the market trend, then your remaining position be it 0.5 or 1.5 will still benefit and you can just accumulate as it trends up.
This works for me but may not be for everyone. Choose a strategy that fits you. Different folks, different strokes.
IT is important to adjust your paper profits NOT SO high that it will wipe you out and you need to restart at a higher buying price. Say you have 2 contracts and is in profits position, you can take 1 contract or 0.5 or 1.5 size and leave the remaining to run at breakeven SL position. That way, if you are riding on the market trend, then your remaining position be it 0.5 or 1.5 will still benefit and you can just accumulate as it trends up.
This works for me but may not be for everyone. Choose a strategy that fits you. Different folks, different strokes.
Trade closed: stop reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.