We find that most traders have a harder time trying to figure out where
to exit a trade then they do in trying to figure out where to get into a trade.
In the following video we going to illustrate so ways you can manage a
trade by using different time frames. Many times you will want to start
managing the trade on the same time frame you entered the trade on
After it moves in your favor for awhile then you can consider moving your
managing efforts to a larger time frame. This will allow you to spend less
time in front of your computer.
For example if you entered on a 1 hr chart and 4 or 5 hours have passed
you can consider moving to the 4 hr chart to manage the trade. If the
trend is good this will take out some of the head fakes and give you
move pips in the long run.
With any strategy it takes time to perfect and understand the best way
to manage a trade for maximum profit. You will still miss some pips
once in a while no matter which method you use.
Enjoy this video and enjoy your trading journey.
Jed and Kirk Norwood
support@forexstrategysecrets.com