If trade turns active stop moves to even on second position if first target is hit. Max risk 2% of account value.
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Break out never activated and price continued to fall. I have taken speculative long at current level.
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speculative entry paid off and up 3%. expecting pull back here then a break to target.
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Moved stop below the pull back and price now 5% above entry
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trailed stop loss higher again
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profit taken. big win almost 8%.
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next set up,, will update in new post if position taken