Few days ago, after 37 days market closed our 5 transactions with total profit of: 700 pips
Buy1: -20 pips
Buy2: +79 pips
Buy3: +157 pips
Buy4: +191 pips
Buy5: +293 pips
Now, we have another opportunity.
Forget for a moment about SL. Focus on Tp at the moment you entrance the market.
Try to understand the idea.
My algorithm alert me about SHORT transaction starting at level Sell 1
Entrance at Sell level1 (sell) - TP at Take Profit 1 - but if -
the market will continue up than entrance Sell level 2 (sell again) and move TP1 to TP2 level (which means, you will have 2 transactions opened and both TP1 and TP2 will be from now on the same level TP2)
- if the market will continue up than entrance Sell Level 3 (sell again) and move TP1, TP2 to TP3 level (which means, you will have 3 transactions opened and TP1, TP2 and TP3 will move to TP3 level)
- and now - if the market move up than entrance Sell 4 (sell again, 4 transactions opened), ALL TP must be moved to the Level TP4 which means TP4 = TP2, TP3 and TP4 - will bring the PROFIT and TP 1 will be your loss.
4h TIME FRAME - REMEMBER - you have to be patient because the market may need some time to respond, there is possibilities that you will have to open 5th transaction or more on this pair - MANAGE YOUR BUDGET !!!!! - DO NOT INVEST EVERYTHING YOU HAVE !!!!!!
PLEASE DO NOT FORGET !!!!!!!!!!!!!!!!!!!
If the market will hit any next Sell level above Sell 1 than take the Profit and do not entrance any next levels.
Example: market hit Sell level 3 - it means you have 3 transactions opened for Sell (Sell1, Sell2 and Sell3) - next, market went DOWN and hit the TP3 - you close automatically all 3 transactions with Profit and DO NOT ENTRANCE ANYMORE SELL LEVEL 4. - from now on we are waiting for next signal
Good luck traders!!!!!!!!