Price Action Reversal System - Live trades with myfxbook verification - Page 3
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  1. #21
    Join Date
    Feb 2017
    Location
    Canada
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    20
    NZDUSD short

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    When price reaches 0.7050, a management decision is to be made.

    1) Take partials, hold for full profit on remaining position do NOT adjust SL.

    2) Set SL to Breakeven and hold for full profit; risk on position is now zero, but you are vulnerable to a whipsaw.

    MM

  2. #22
    Join Date
    Feb 2017
    Location
    Canada
    Posts
    20
    NZDUSD now - Partial profits taken, holding partial for rest with SL set to BE.

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  3. #23
    Join Date
    Feb 2017
    Location
    Canada
    Posts
    20
    Stalking GBPAUD: Like a predator stalking prey; we don't jump at every opportunity, only the ones with a High Probability of payoff.

    Lets see if this one turns into a High Probability Setup.

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