Exiting losing trades – trailing stop loss


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  • #806
    Martin Webber
    Participant

    Attached are;

    A USDCAD 15 minute chart showing my idea of a buy trade entry point at 1.1998 at 10.00 (chart time) on 15th May after a bullish engulfing candle, with initial tight and loose stop loss levels. The stop level was moved down 3 times, until trade exit at 17.00 (chart time) on the same day.

    An AUDUSD 5 minute chart showing a buy trade entry (after EMA crossover) at level 0.80140 at 16.15 on 15th May, with initial tight and loose stop loss levels. The stop loss was moved up twice, before the trade exited at 19.20 at level 0.80416.

     

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    #812
    Rich FittonRich Fitton
    Keymaster

    Hi Martin, those look like good sensible placements for your stops (and trailing adjustments too).

    #995
    John Thurlbeck
    Participant

    Hi Rich,
    attached are two charts for EURGBP 5 and 15 min Showing trade entry points after the 5 and 14 MA crossovers.

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    #1007
    Rich FittonRich Fitton
    Keymaster

    Hi John, all look good to me 🙂

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