2020-06-28 17:17:48
Signals:
There are 3 TPs. These can vary in size but usually they are:
TP 1 = 20 pips
TP 2 = 50 pips
TP 3 = 100 pips
If a TP is below +20, +50, +100 It is likely this an indicator to close that position early if you like as a pull back might occur.
If I say 'close at your discretion', this means you have the option to close at the current market price (it might be a slight loss or a slight gain). I'll do this if I believe its possible the market may move to the SL (stop loss).
For smaller accounts I recommend opening 1 trade per signal, once price hits TP 1 move SL to entry (if youd like), once price hits TP 2 move SL to TP1, once price hits +75 pips move SL to TP 2. If you'd like to continue the trade past TP 3 make sure you put SL to TP 3.
I post signals as I enter them but because the market fluctuates rapidly the price could be different for you. If the trade hits TP 1 I don't recommend that you enter that trade.
If you have any questions please message me on @scarlettforex
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