Same Strategy - 2x Different Entries...
Short EURUSD based on the close of the engulfing candles and other moving average crossover.
1) Either price reverses straight away to stop us out or...
2) Price continues to move lower and I will trail the stop loss using the 9bar Donchian Channel. In this instance, once the blue Donchian Channel is below the initial stop loss, we trail our stops using this level. This means that once it has broken below both initial stops, they will both trail using this blue line. Therefore, they will be trailing at the same price.
Short EURUSD based on the close of the engulfing candles and other moving average crossover.
1) Either price reverses straight away to stop us out or...
2) Price continues to move lower and I will trail the stop loss using the 9bar Donchian Channel. In this instance, once the blue Donchian Channel is below the initial stop loss, we trail our stops using this level. This means that once it has broken below both initial stops, they will both trail using this blue line. Therefore, they will be trailing at the same price.
Trade closed: stop reached:
Stop was hit at the blue line. So one position was closed at -1R the other was closed at -0.6R (ish)