Dear Anilji,
2. you keep sl normally 10-20 point away from swing low, how u calculate the points
My stoploss is calculated from ATR methodology but some minor twist to it, so that it cant have same levels matching with other SL positions...also sometimes i adjust it manually considering swing points from the chart...
ATR keep account of volatility consideration so its better to trail with it...
3. You have booked certain profit at different level why when you have your sl in place
Yes i had booked at regular intervals just to keep some profit...its very hard to trade without part booking in it...My experience shows me, part booking keep me in the game and it gives much needed emotional strength to stay in trade for longer for rest of positions...
Also if you observed my booking points also acted as short term resistance zones for prices...so it feels happy, that analysis is going as per plan...
Trailing with weekly stoploss requires great sense of patience since that 10-15% fall keep you guessing what is going on...So unless you have some part booking profit in your pocket it is very difficult to trail it on higher timeframes...
Keeping loss positions is easy, but profit positions open actually really put you into pressure and its test real temperament of trader...
