2016-01-19_19-30-52gbpnok

Dear all,

Hoping that everyone is alright let me give you the following feedback.

Most traders concentrate on the entries the most when trying to understand the market.

It is nevertheless proven that traders have when being trend followers the problem of  letting profits run.

Therefore I thought I show a live trade on this daily gbpnok chart on how you could go about it.

Once the market might go in your favor you might put your stop loss at + a few pips to avoid a loss.

Once this is accomplished you might see that I do not have a fixed target.

That is because I am a trend follower and I trail my stops untill being stopped out.

This means that if you only win 30 to 50 % of the time you might still be profitable as long as you take the pips the market is willing to give you.

The yellow areas are areas of resistance for the down move so I analyze each candle when price goes to this area.

If it breaks it with ease the I stick with the trend. If not then I tighten my stop loss.

If indesisive the you might sell half of your position to secure some profit.

Please remember that you have to try out different things to see which adapt to your personality.

But profits will come if you manage to let your trade run.

BEST OF PIPS

2 thoughts on “Letting Profits run”

  1. Dimitar Ivanov says:

    10x for sharing Nuno.

    1. Nuno Lampreia – Forex.Today says:

      Best of trading my friend cheers…

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