Resolved Question
What are the best ways to exit the market?
What do you think about counting candlesticks from your entry point (7-10?) and if there's a 5-10 pip difference after checking their opening and closing prices, that's when you exit? Does anybody here do this?
about 1 year ago
Best Answer - Chosen by Voters
I'm assuming that because you are looking for 5 to 10 pip profits, that you are looking to scalp. I would try adding other indicators to help filter out your trades and help you determine other means as when to exit. I would suggest doing some back testing to see how this works.
about 1 year ago
Answers (1)
In addition to what Cyclopip mentioned, you can also take a look at support/resistance levels and trend lines as additional confirmation on when to lock in profits.
about 1 year ago
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