See the chart. It should go north, especially if COVID hits hard Mexico again in Autumn.
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First target has been hit. You can either: - close your long positions (8% profit :P) then open short one with tight stop loss (I expect correction to 21.0) or - close half of your long positions, and set SL for remaining ones @20,70 Good luck.
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Second target has been hit. Enjoy your profit... :)
8 out of my last 12 ideas were profitable, including this one. 4 were losers.
If you open position with SL and TP, but after that you do nothing but sitting on your hands, no matter what is happening, that's not my fault. That's how people teach others in their books and guides how to trade, but it's a straight and painful path to bankruptcy.
There's only one rule you must follow: protect your capital, no matter what.
If your position is 100-200 pips in profit, you should protect it by moving SL to at least BE. If you see that the trend is turning, you should take your profit and close position. TP and SL are for moving them according to situation.
I can stop posting my ideas here, no problem. I'm trading since 2005, I don't need advisors and their schemes...
Jeff_Wheelwright
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@zithekhosa4, First target has been hit. Profit ~8.0% :)