4&1 All Time Profit:
$37,496
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DislikedAlso just picked up a bit of a inverse head and shoulder pattern forming on h1..... If that neckline breaks it validates the H1 buy setup..... So all these things add up/build confluence......the shoulder levels always give an indication aswell....it's the same thing when coming down....... {image}Ignored
DislikedWoosh!!!! bagged 36 and 33 pips respectively for my two sells...... picking M15 tops and bottomsIgnored
Disliked@Mzansiobi, been back testing though.and so far ive discovered that with the present of a static stop loss, it allows/gives price a breathing space to do whatever it wants to do and later go in the intended direction.......though in some cases i had few losses. so which one are you suing now... thanks brov!!!!Ignored
Disliked@Mzansiobi, you know at the beginning of the thread you talked about moving your stop loss to break even when you already in profit.......so wanted to ask if you've been doing it....cos in many of ur screen shots i have been "stop loss".....Ignored
Disliked{quote} rather in short, what is your sentiment as regards moving stop loss to Be when in profit and static stop loss??????? tnxIgnored
DislikedIm kinda looking at buy "if" i see a bullish candle close above the 1537 area, then might aim 1542 for a TP on M15.. not sure though cos the setup is not yet clear to me... so wat do you guys think???Ignored
Disliked{quote} Yeah I have. Those posts where the SL gets hit is the trailing stop. Take the previous screen shot. The buy trade was around 1534 if am not mistaken and SL was moved up to 1537.....so you see the SL is moved to BE+... Then I opened sell trades and when they moved into profit I do the same thing. The buy trade gets stopped out in profit and sell trade runs. Before adjusting the SL in most instances I will look to take partial profits...that is.....a position of 0.5 I will close 0.25 and leave 0.25 on the table for example.....Ignored
Disliked{quote} It's all subjective bro. Think of it this way......on Monday I kept buying 1527/28 and kept taking partial profits before adjusted SL gets hit. Still made profit.....on three occasions. But last week Friday, I'd been adjusting SL after buying and eventually when he market did take off, my stops had been taken out and while I was waiting for the pullback to enter again it rallied without me......so it all depends really... Some guys don't wanna/cant sit infront of PC all day....as such the static stop may work....now if you do what I do,...Ignored