All the details in the chart
Preferably cash segment.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
Preferably cash segment.
Managing the trade:
If the trade goes in our way
*Exit half Quantity @1:1 Risk/Reward Target and Shift to SL to cost
*Exit Half of the remaining with 1:1.5 or 1:2 Risk/Reward (by looking at momentum) and trail the SL.
*Exit remaining with trailing Stop loss.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES
Comment:
Trade activated.
First target will be 537.5-538
First target will be 537.5-538
Comment:
First target done. Stops are at cost now.
Second target is at 540 area
Second target is at 540 area
Comment:
2nd target also hit .
Trailing SL 536.5 (<=one fourth quantity should be left)
Trailing SL 536.5 (<=one fourth quantity should be left)
Comment:
@545 can exit all positions
lets see which it will touch first
a) Target @545
b)Trailing SL @536.5
lets see which it will touch first
a) Target @545
b)Trailing SL @536.5
SL :531.5