10 - 15 pips in profit = Set 2 pip stop profit 1st Order = 30 pip take profit 2nd Order = trail stop profit
30 pip stop loss no matter what.
Example of Twin Trading:
1000 GBP in account = .05 + .05 = .10
LONG 1. Wait for a break of support (floor) 2. Wait for a RETEST (where price closes below the previous level of supports as a new resistance (ceiling), it is safe to enter
SHORT 1. Wait for a break of resistance (Ceiling) 2. Wait for a RETEST (where price closes above the previous level of resistance) Once price confirms resistance as new support (floor), it is safe to enter.