And sure enough Price action did exactly what we were looking for price action to do.
Typically I would move stops to break even and take partial profits here, however due to the fact I am taking a reduced lot size (0.01 lots as I am currently testing the trading style out) I will move stops to breakever at our BE line (1909)
But I hope this was an educational post and demonstrates exactly how and what I look for in the market when taking trades, and as I sample more and more of these types of trades/entries I can look for ways to improve it.
Typically I would move stops to break even and take partial profits here, however due to the fact I am taking a reduced lot size (0.01 lots as I am currently testing the trading style out) I will move stops to breakever at our BE line (1909)
But I hope this was an educational post and demonstrates exactly how and what I look for in the market when taking trades, and as I sample more and more of these types of trades/entries I can look for ways to improve it.
