Trade Management – First Partial at 50% of the Trend
In this video, we’re already inside the 10 AM trade from the previous setup. At this point, we’re up 290 ticks, and we’re managing the position carefully. To mitigate risk, we decided to take our first partial near the 50% retracement of the trend, just in case the price reversed and went against us.
This step allowed us to lock in some profit while still leaving room for the trade to continue in our favor.
Trade Overview:
Profit: +290 ticks
Partial: First partial taken at 50% retracement of the trend
Risk Management: Protecting against potential reversal while staying in the trade.
This step allowed us to lock in some profit while still leaving room for the trade to continue in our favor.
Trade Overview:
Profit: +290 ticks
Partial: First partial taken at 50% retracement of the trend
Risk Management: Protecting against potential reversal while staying in the trade.
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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.
Related publications
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.