Entry # 1 ( Enter at breakout level. Target 50 Pips ) Entry # 2 ( Enter after breakout and wait for pullback )
Trade active
⋅
Comment
⋅
Move stop to intial entry point when price reaches 108.66 which is our half-way point to TP.
Name of the game is to either breakeven or get our 50 pips.
Trade closed: stop reached
⋅
Stopped Out at 109.16' for loss of 25 pips. Will enter again on next breakout
Trade active
⋅
Re-entry on breakout of 109.50 .
We are half-way to target . Moved stop to 109.50
Remember we have only loss 25 pips on this trade and currently we are up 25 pips.
You could do one or two things.
#1 TP at 109.75 to breakeven then walk away. #2 TP at 110.00 to gain 25 pips total after considering our loss of 25 pips earlier moving SL to 109.5 once 109.75 has been reached to protect ourselves from any further losses.
Trade closed: stop reached
⋅
Late update: We have hit our stop breaking even on our second entry.
We did have the chance to breakeven yesterday on the second entry for the entire trade but we are personally looking to collect our 50 pips until the strategy is complete.