Winning trade !! Although price action plays its part most of this trade comes from positive GBP data, prime example of letting profits run. I would be interested to hear anyone who views this, what are you take profit strategies to maximise gains.
@surefire-ltd, Congrats on this trade! Would have taken this if the candle close was lower than the previous low too. I could trail stop by Fibonacci retracement levels of the swing low to swing high (38.2, 61.8, and swing low) to maximize profit.
@joelduque, our testing showed unfortunately that this dropped our level of winning trades too much. It is pretty much essential that you start off at a 1:1 risk reward, our current strategy involves a trailing stop from T1. that way you guarantee that winning trades remain winners and dont reverse taking out your stops before fib levels and can at the very least make a few extra pips.