[B]TRADING THE SECONDARY SIGNAL. revisited. Extracted from the PDF.[/B]
[B]What if the Secondary Signal occur after 161.8? or even after 200.0 or 261.8? [/B]
For example, a secondary signal for a BUY occur few pips above 161.8 but before 200.0, then you TP at 300.0 or at previous day’s HIGH/LOW. If signal occur say few pips above 261.8 but before 300.0, then you TP at 361.8 or at previous day’s HIGH LOW.
[B]Is there another Way to TP?.. all of the explanation above are way too complicated…
I have three answers for this.
First answer, [B]ignore any secondary signal because it is only ‘Secondary’ and not as important
as the Main Signal[/B]. I know some traders who trade nothing but the Main Signal and their
trading performance outperform those who include Secondary Signal in their trading
Second answer, you enter the trade and [B]TP at the closest S/R Line. [/B]
Third answer, you just enter the trade and exit only when 5ema 8sma re-cross to the
opposite way. Yes, without taking note the Fibonacci levels or any other levels. It is simple, very super duper objective. Advantage of this ofcourse, you can take the whole trend, well most of it anyway, when trend does occur. Disadvantage, it is pretty obvious, like any other MA crossover systems… [B]you will suffer fakeouts now and then. [/B]
Now you can choose either to ignore secondary signal entirely (not a bad thing, it’s pretty normal) or you can choose second or third option.