Scalping strategy to finish the year strong

[samewise]

@AmericanTrader

but still waiting for the Euro to get some love.

Getting the love today! My EURUSD long is in profit! Moved the SL to lock in some profits.

Any tips on your exit strategy? I had a 30 pip SL. I’m 50+ pips from my entry. Moved the SL 50% of my SL above my entry. No rhyme or reason on the amount other than to lock in some profits but not get too tight to price. Maybe switch to a trailing stop? I right at a potential resistance level of 1.0925.

Having a look back at my post about this for some ideas

How long before you move your stop loss to BE or better on a profitable trade?

So I have a profitable trade at the moment. My TP is like 55 pips from my entry. My SL was 26 pips from my entry. I’m about 35 pips in profit right now on EURJPY. What do you all do with your SL? Like when do you move it to break even or even higher? Do you stick to your guns waiting for your TP to hit or what? Maybe it depends on if you’re watching the charts? I think I want to move it up pretty high to maybe the next nearest low. Is that leaving profits on the table? Thoughts?

Interesting! I’m in the same position again! 50+ pips from my entry.