Thanks for posting your Daily Signals. I have been following you
for awhile.
Question: Are you setting 30/60/90 TP levels for each entry (when
you have more than one entry for the same currency) or do you use
one set of TP levels for multiple entries - like you do with your Stop
Loss? If you are using one set of TP's, which entry level do you measure
them from - the one furthest from your SL or the one closest to the SL?
I am also curious how you manage so many TP levels. Do you have an
EA or other software that automatically closes partial profits or do you
do that manually?
Chaplainrick
Hi
Thanks for ur Query.
I am a Technical Analyst and i just provide signals.
All my clients have their own trading styles.
Generally what i suggest is
1. To exit the trades for 60 pips profits from the first entry level. we wait till night to hit the 60 pips ( TP2 ) target. If not then the trade will be carry forwarded for the next day. even after 24 hours if it has not hit our TP2 level, thn we will close at TP1 level. when the price comes near TP2 level, Some traders will set the TP to TP3 lvl and wait for some time to hit it.
2. once the price comes to TP1 level profits, to be on a safer side, we will set the SL to Break even and leave the trades to hit TP2 lvl.
thanks
Harsha