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Old 05-02-2008, 03:04 PM
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sivach sivach is offline
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I suggest,for example, instead of takefrofit 1 or 2 dollars, we input take profit of 2 or 3 dollars and trailing profit set to true and trail percentage of profit set to 50%, so, nothing is changed much in take profit, so, if the trend is in our favour, profit will be trailed, otherwise, if that is a retrace only, the trail profit percentage will lock and close all trades with our minimal take profit (50% of 3 dollars). So, even if that is a retrace or change of new trend, both way we are protected, please suggest if you see anything good or bad in this idea. If we are very coservative we can even set the trailing profit percentage to 90%. Thanks.
Quote:
Originally Posted by Enforcer View Post
I was thinking about this some time ago, but there is a problem.
It may be beginning of a trend and keep positions open may lead to great profit, but many times is just a retrace big enough to save our a$$, so, in this case, keeping positions open is suicide..
How to tell when is a situation or other?

Last edited by sivach; 05-02-2008 at 03:10 PM.
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