The finest in trend trading

Here is a good trading strategy that needs to be used >>>

Have a look at the last candle on the chart.

Going down nicely isn’t it? :slight_smile:
Nice trade!!
Lots of pips!!

OK, now look at the same chart a little while later >>>

Hey!!
What have you done?!!
Let all those pips go in a retracement!! :eek:
Given back 80% of your profit?
That’s terrible!!

When you get a good spike way past the BB, it is best to exit at the best possible moment as in the top chart.

There will always be a major retracement in such cases.

So exit well before signs of retracement, then let the candle retrace back and you can then re-enter.
It takes a very long time in a short trade for the standard price action to come again to such a low point as the spike!!