I likely do not need to say this
but this may not be the best ststem to use today
playing on S/R is likely not a bad Idea
teb
but this may not be the best ststem to use today
playing on S/R is likely not a bad Idea
teb
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DislikedBank Holiday in UK and US. Maybe this is not a good day to trade.Ignored
Dislikedwell having said what I said in my last post
the usdcad is selling up almost perfictly
esp. with the likely rise in the interest tomorrow
wait for a sell sign and it is a very hard day today
tebIgnored
DislikedHi Teb
I would like to ask when is the second (runner) at optimum? I.E. when is it good to take profit. What is your experience?
On the longer time frames following PSAR seems to get a good portion of the move but on 5 mins the PSAR is sensitive. On some occasions, I have taken profit when 5 min PSAR turned - and then see it turn in my original direction WITHOUT me on board.
Hope you can share when the best time/setup to close out the position - as the closing of positions is what determines how much you ultimately profit.
Thank you and...Ignored
DislikedI put two trades on always
but for
1. its a time I should not be trading (lol)
2. I have to many trades on (normally they are fre trades )
tebIgnored
DislikedHi Teb
Thanks for your reply. Sorry but being new, I don't quite understand what you are saying.
Or maybe my question was wrongly worded - let me try again. Entry with 2lots - When target 1 of 10 or 20 is met, take profit on first lot and move the stop on second lot to Breakeven (so that lot 2 is a free trade and the worst thing that can happen is you breakeven) With the saying "let your runners run" I would like to ask you, from your experience, what is the best way to catch the maximum run on this second lot i.e. how to let this runner run...Ignored