Quote:
Originally Posted by ybop01
So if I understand you correctly, you don't set a take profit when you open a trade but rather you watch the trade as it progresses and if a bar closes passed your goal, you then move the stoploss to the take profit level and continue monitoring the trade. Does this sound right?
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Thats correct. I watch it when the price gets near my target to see what the price action looks like. If theres a clean break I hold. If not, I close
