Re-entry on this trade. Seems like price can still go down from here. Early exit is still possible too.
Risk seems to be worth it. Let's try it again.
Risk seems to be worth it. Let's try it again.
Trade active:
Good 4M close.
Holding for now.
Holding for now.
Comment:
Plausible 15M close too. Holding, but alert. Definitely don't want to have this trade turn into a full -1.
Comment:
Good development overall on 4M lower-timeframe chart. Ideally we need a strong push to the downside to trail stop and reduce some of the risk.
Being alert for now.
Being alert for now.
Trade closed manually:
Out for: -0.55. Early exit.
This was a good attempt, but didn't work out. All good.
On to the next one.
Lightwork_
This was a good attempt, but didn't work out. All good.
On to the next one.
Lightwork_
Comment:
Once again the Early Exit approach is extremely profitable.
Even in these 2 instances the early exit approahc made the following:
+0.38 -0.55 = -0.17 net.
Without that approach:
0 - 1 = -1 net.
The early exit approach made us extra +0.83 simply by understanding when to cut a loss quickly, and not be stubborn with the market. Ebbing and flowing with it.
Even in these 2 instances the early exit approahc made the following:
+0.38 -0.55 = -0.17 net.
Without that approach:
0 - 1 = -1 net.
The early exit approach made us extra +0.83 simply by understanding when to cut a loss quickly, and not be stubborn with the market. Ebbing and flowing with it.
Lightwork Trading