Put sell limit near resistance
Trade closed: target reached
Comment:
The trading psychology is the main factor that may influence all of your progress and ruin your trading plan.
Comment:
Always trade with 2x lot, one for the nearest cover for stop loss,
another for the running profit with trailing/manual stop for long term earning,
hold is the best strategy for one-time maximised earnings if the volatility favors your direction.
another for the running profit with trailing/manual stop for long term earning,
hold is the best strategy for one-time maximised earnings if the volatility favors your direction.
It is better to put sell stop strategy with
zero spread account(lot size must be sufficient and commission charges must be lower depending on your broker used)
once the direction is correct for better earning after news
Always trade in one direction to minimise the risk esposed
Once close trades near R/S, it is better to stop trading the pair