Reply To: Trade opportunity?

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Rich FittonRich Fitton

Yep, you can always keep the next target level up/down plotted on your charts.

One way you could handle it would be to trail your stop in REALLY tight as the market touches your original target price (you’d remove your original exit order, or take part of the position off here). This then lets you participate in a continued directional move, and if it doesn’t come off you’ve only given up a few pips back to the tight trailing stop.

Sometimes it’ll work for you, sometimes against you, but if you only get one or two trades per quarter that run-on strongly it can be very worthwhile.