This is the most judicious use of hard take profit orders within non-scalping trading styles.When this happens, you may end up trading below the initial stop-loss order.Your trade will remain open as long as the price does not move 20 pips against you.Trailing stop-loss orders may not be as efficient if the price of an asset falls too fast, as the trader may not be able to place the order in time.
There are certain principles that you should follow when deciding where to place your stop-loss.I don’t know of a single consistently profitable trader who doesn’t manage their risk and losses. A trade could then be entered IF the price breaks out of the consolidation in the overall trending direction. A consolidation is where the price moves sideways for at least a few price bars.
0 kommentar(er)
