Hey everyone,
I was able to take a nice scalp trade on the EUR/USD. This trade took place on the 17th of April. On this trade I tried experimenting a little bit with trade management which is why I closed 50% of the position at a predefined target and let the rest 50% run a little more after moving the SL at the B/E level. There are pros and cons of moving SL to B/E as well as closing 50% so try out for yourselves and see if it fits your trading or not.
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Trade (1) - BUY
Entry @ 1.13066
Exit @ 1.13080 (50%) / 1.13088 (50%)
**NOTE THAT THESE TRADES HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
https://www.mql5.com/en/charts/10058039/eurusd-p-m5-pepperstone-limited
Follow and leave a like if you enjoyed this post and want to see more :)
I was able to take a nice scalp trade on the EUR/USD. This trade took place on the 17th of April. On this trade I tried experimenting a little bit with trade management which is why I closed 50% of the position at a predefined target and let the rest 50% run a little more after moving the SL at the B/E level. There are pros and cons of moving SL to B/E as well as closing 50% so try out for yourselves and see if it fits your trading or not.
I will be posting both the screenshot from my broker's platform as well as the 5m chart below so that you can clearly see the levels laid out. (cannot post an idea below the 15m TF and my trade was taken on the 5m)
Details:
Trade (1) - BUY
Entry @ 1.13066
Exit @ 1.13080 (50%) / 1.13088 (50%)
**NOTE THAT THESE TRADES HAS ALREADY BEEN TAKEN, IT IS NOT A RECOMMENDATION TO TRADE
https://www.mql5.com/en/charts/10058039/eurusd-p-m5-pepperstone-limited
Follow and leave a like if you enjoyed this post and want to see more :)
