Originally posted by TedB
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TRADING STYLE :
Well, trading styles varies from each individual. Every trader, trades in his own style
TP levels are always measured from the first entry level
Generally all my signals will give 60 pips ( TP2 level ) On each pair , as per the trend, 2 entry points will be given along with the Stop loss. (+/- 5 pips around the entry points is safe to trade )
1. TP 1 = 30 pips, TP 2 = 60 pips, TP3=90 pips (From first entry level )
2. Take a trade on the 1st & 2nd entry points and set the SL and TP.
3. If Trend reversal occurs, ( 15 pips above/below the 2nd entry level is always a trend reversal ) then please EXIT from both the trades, when the average of both the trades are in minimum profits or at break even or at min losses is also accepted.
When the price reaches TP1 level, it’s to the trader to decide on:
a. Close all the position with profits
b. Move the SL to break even and allow the trade to hit TP2 or TP3
c. Book profits on half the volume and allow another half trade to hit TP2
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