Once we define our direction bias and entry price levels. We can choose to : 1)Directly place pending orders at those levels 2)Place Price Alert Alarm at those levels.
-Duration: To stay as long as I can tolerate and stay focus on the original intention. (Up to 10R)
-Minimum Reward: 2R in return.
-Maximum Reward: 10R in return.
-If one particular day have abnormal moving range, we can first take profit at the farthest end first.
(More then 200 pips for GBPUSD )
Patient and Slowly Trailing up Stop only after a new lower high is confirmed here in the case to Sell.