Gold with No Drama

Quoting SibiSh

Disliked

{quote} Thanks for the reply but my question is still there, if 200-300 pips are in profit then why BE, why not closed the trade with profit bcz my point is if i am waiting for the trade and its going into 200-250 pips in profit then why i need to set my SL in BE.

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Quoting junaida

Disliked

{quote} BE is break evven, mostly used when trade goes in profit and we speculate reversal. to avoid SL we use BE. after this we have to use trail SL means secuiring as we move in profit we move SL at 40 pips then 80 pips like that. Also for example if you are in 300 pips profit you can close 50 perent of your trade and let the rest run. r

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Quoting junaida

Disliked

{quote}Also for example if you are in 300 pips profit you can close 50 perent of your trade and let the rest run. r

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Quoting fxcontest

Disliked

Pending SELL 4151 - 54, SL 4175

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Quoting SibiSh

Disliked

{quote} Thanks bro, if i know the reversal then i should closed my trade lol, if 300 pips ar in profit then why people use BE, SL should be in profit or after 300 pips trade should be closed imo, i know people use trailing stop and BE but mostly dont know when and where we need to use. if we are not sure about trend then its good to close trade with quick profit either BE. {quote} this makes sense but we will not use BE in this case and this is my point and concern that why mostly use BE even 300 pips are in profit

Ignored

Quoting misheal

Disliked

{quote} i only use BE for 100-150 pip trades, if its more i trail stop, more pips i win more i trail stoploss up or down depends on the postion

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Quoting quintaviousK

Disliked

{quote} BE doesn't necessarily mean you move SL exactly where you entered your trade...

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Quoting quintaviousK

Disliked

{quote} Because I may be targeting more, for instance 500 pips but since it's an open trade and SL is 70 pips and price has moved halfway in my favor by 250 pips, moving stop loss to BE prevents an avoidable loss whilst I wait for my initial target of 500 pips to be hit... You might as well close it just depends on how you manage your trades and level of risk tolerance

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Quoting misheal

Disliked

btw does anyone know why someone would take a buy from 4061 and SL 4057 and it hit TP but im still wondering how they got the exact buy from 61 (my friend sent me the trade) {image}

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Quoting SibiSh

Disliked

{quote} bcz multiple rejections from this area and top area where he set his TP at low time frame

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Quoting misheal

Disliked

{quote} that was the first rejection tho, like i took the other 10 thousand times it rejected from there but when he gave the entry it was the first time it hit plus i get the TP i just dont get why the buy from exactly 61 and SL 57 {image}

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Quoting SibiSh

Disliked

{quote} bcz multiple rejections from this area and top area where he set his TP at low time frame

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Quoting SibiSh

Disliked

{quote} Still moving within this range of 4060-4090, both area are tested multiple times and a proper break from any side will set the direction for time being. I am still bearish and hoping for break of 4050-60 area properly{image}

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Quoting SibiSh

Disliked

{quote} which time frame

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