alichambers wrote:Here's a problem I'm struggling with: how do you decide when to sell?
If the trade is trending (ie. higher highs, higher lows), it is easier - wait until the trend ends and sell.
However, I often see a 5min candle enter the BuyZone by a pip or two - to trigger a trade - then reverse quickly to hit the SL.
A few of these in a row and the losses mount up.
In this situation, what can be done?
perhaps the the solution is to buy and hold until you make up your initial losses and then some. If the pair ranges enough every day, why not?