Does this make sense? I tried to marry the idea of a cross strategy with the idea of the boxes that I see everyone do. Two yellow lines would be my entry threshold. Solid red line would be my SL. The 3 aqua lines would be my TP1, TP2, TP3. So placing each sell simultaneously as such - TP1 (+1.00) TP2 (+1.00) (TP3) (+.50). TP1 & TP2 are more "plausible" if the down trend continues, so put more in for a greater reward. Once TP1 hits, move SL up to that previous line.
Again, does this make sense? I realize they arent large PIPS, I'm still new, I'm just trying to see if I understand what's happening. I'm still in demo mode, so this is all hypothetical.
Does anyone see these? Haha.
USDJPY
Again, does this make sense? I realize they arent large PIPS, I'm still new, I'm just trying to see if I understand what's happening. I'm still in demo mode, so this is all hypothetical.
Does anyone see these? Haha.
USDJPY