DislikedHi Paulette,
wich TF are you using for price trailing, 1H TF?
Thanks.Ignored
I normally stick to the TF's I used as trigger & setup... Like setup trend rules over trigger trend, so does the S/R levels... I use S/R and RN as levels to trail price against manually...
EDIT: First priority is to manage risk, get my SL = BE, that normally happens when price reaches TP1 (=# pips to SL, i.e. SL = 20, TP1 = 20), then trade becomes free ride.
Once risk is out of the way, you start seeking profit. Mostly I take a small portion of the original off the trade @ TP1, and let the rest follow the trend. Other times I might let the whole stake ride the trend - all depends on momentum (as I am still new momentum needs to be good to let it all go), but I still guard my TP1 with care in those cases.
Trade safe
Also I am not the expert here - NM & Custos are the kings, I have been trading this method now 4 months, it is good and the pippage good too - less trades, less losses, less unnecessary pshyc-bank exposure