TRADE IDEA: A sell position can be considered since there is already a signal at a forecast level.
Trade active
As of this writing, scaling out properly have secured traders with a minimum of 3R profit, while still having a portion of the initial position open.Trade closed: stop reached
This was a good trade. 3R profit achieved because of proper trade management. Here is how I managed the trade.
Entry: 50% of candle
Free-Trade Strategy: Once the market hit the 2R level
Taking Profits: scaling out by closing 2/3 of the position once the market hit the 3R level (2R Profit).
Moving the Stop-Loss: Once the market closed below the 3R level, I move the stop-loss to the 3R level to secure another 1R profit.
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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.