NOW WHEN YOU HAVE A TRADE OPEN - WATCH THIS TRADE FOR A BIT.
BE PATIENT BUT AS YOU SEE THAT PRICE FINDS IT HARD TO PULLBACK
TO THE 200 SIMPLE MOVING AVERAGE - MOVE YOUR STOP AND LOCK IN
PROFITS ( SEE HIGHLIGHTED EXAMPLES ON THE CHART)
YOUR TRADE IS NOW RISK FREE AND YOU HAVE SECURED SOME PROFIT
SHOULD THE TRADE MOVE AGAINST YOU FROM HERE ON.
YOU KEEP ON TRAILING AND MOVING YOUR STOP EVERY TIME YOU SEE
A GOOD OPPORTUNITY TO DO SO - TO LOCK IN MORE PROFITS.
YOU DO NOT HAVE A SET AND FIXED TARGET - YOU JUST RIDE
THIS TRADE FOR AS LONG AS IT LAST
YOU WILL EVENTUALLY BE STOPPED OUT BUT WITH
SOME NICE PIPS IN POCKET.
A KEY RULE IS THAT YOU FOCUS ON SECURING A FEW PIPS
AND LOCK IN PROFITS FROM YOUR INITAL ENTRY ASAP.
NEXT - YOU DO NOT ENTER A NEW TRADE
UNTIL YOU HAVE SECURED THIS TRADE
