marco asked about the trailing stop.
If I feel confident about a position and if the position is contra trend based on double bottom I don't use trailing stop all the time. If the paper is coming back it is highly likely that it is building a triple bottom where I have to re enter. So it makes not a lot of sense to let me stop out before the lowest(low,x) only to re enter 5 minutes later.
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3 Kommentare:
Danke
Now I don´t understand anymore. :)
In my opinion the SL was lying from the beginning under the lowest low of the formation, but the market came back right after the entry, so I have thought that there was no opportunity to trail the stop anyway.
Except maybe under the low of the third last or second last bar.
Regards
Bernd
Bernd I could have trailed the position for a few pips. As you can see on the chart after the entry then trade went in my direction for a few pips before went down again. This are 30 minutes charts.
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