No question is ever silly.
Your sl is set to protect you.
So let's say your buy entry is 2800, you would place your sl at 2795 to protect your capital.
If your entry was triggered and let's say price is currently at 2810 and someone says bring your sl to entry, then instead of your risk being 5 (ie 2795), you now bring you sl up to your entry which is 2800, so then you are no more risking 5.
You're now at entry so if the price decides to turn back, you would not lose the 5 anymore because you moved your sl to entry. So it's a risk free trade.
Make sense?
1:3
1:5
10pips sl 30pips TP
10pips sl. 50pips TP
I like 1:5 so I hold to see if can get 1:5 this way I have five 10pips sl
If breakout I hold longer
Once price not break structure its more difficult that's why you close some at the area or just breakeven
Читать полностью…nas100.,., there r the biases.,.,only after i see that red arrows formation takes place, i will look for sell.,.,else everything is damn bullish
Читать полностью…nas 100 update.,.,here comes the break, wait for that candle to close above it, once done, we start lookimg for buys
Читать полностью…#GOLD
Crazy gold 😅😅😅
Close some and hold one either breakeven now or break structure 🕊
see here, we had something like choch or bos, some see that way, n hence that zone look like a supply zone to many, n hence price faking sells in that area, when they hv enough liquidity to take out thats when price gonna boom.,.,to me this is damn bullish.,.,i like this things for buys n vice versa for sell.,.,being said that, we r not witch so, let price first show us, hence the reason im waiting for the earlier biases i sent out
Читать полностью…go ahead.,.i will come in when i see.,.,for now there is not 1 reason for me to sell.,., feel free to drop ur chart n analysis y u wanna sell
Читать полностью…Fancy charts and complicated talks don't make money in forex trading.
By all means, protect your capital no matter who you decide to follow!
When you lose, lose small—live to fight other battles.
Success comes from taking your chances and making the most of the opportunities presented.