*EUR/USD* trade ENTRY and EXIT

14 thg 8, 2020

Enter LONG if: candle closes above 38.2% level. Or wait for the next candle after to hit 38.2% for a better entry. T/P at 61.8%

Enter SHORT if: candle closes below 0% level. Or wait for the next candle after to hit 0% for a better entry. T/P at -27.2%

Good luck traders!

14 thg 8, 2020

Đóng lệnh: dừng lỗ

Sorry for the delay in the update. It stopped me out. My stop was at 17978. I had my stop loss very tight only because the candle really tried to reach the target before closing under the 0% level. So the chances of it actually going back down and reaching the target again was slim. But still took my chance. and managed my risk.

keep in mind that not every trade is going to be a winner. Managing your risk is the most important concept when you are trading. As well as following your trade plan. Psychology plays a major role in this business and we must always follow what our trade plan says no matter what. Because it is easy to get off track. And for that reason a trade plan is extremely important. Follow your plan, manage your risk, and you will be a very profitable trader. Message me if you guys have any questions.