Euro / U.S. DollarEducation
EURUSD Trade Set Up with Manual Trailing Stop
I only use take profit / limit orders to close a position if it is not possible to watch the trade play out. I quite often find when placing orders to close a position that the target will be missed and a profitable trade is lost. This is how I would move my stop to protect profits if in front of my screens. It means I will not get out at the top but I will catch a good percentage of the move and that's all I need.
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