I make 100 pips so far yesterday. Although there were a slightly Bearish after a few hour, the price did not hit myStop lossat the Senkou Span Line (Ichimoku Kinko Hyo Indicator).
Today I wake up at 5:00am in the morning to see how’s the market goes. Not bad that I have make more than 200 pips at that time. I move the stop loss to the Senkou Span Line which is closest to the price and go to sleep again.
After five hour, I already wake up and getting ready to start my work (Forex Trading). I open my computer and saw that I am making +350 pips so far on this trade since Jan 12 2010. I am just like “wow” What should I do next?
What should I do next?
First I was reset my stop loss. This time I didn’t set the stop loss on the same period of the price. I am setting the stop loss at the Future Senkou Span Line. It is because I already earn 300 pips or more. Base on my experience on 4 hour Chart Trading and the behavior on EUR/USD, the 300 pips should be a maxium earning on this trade. That’s why I set the stop loss or trailing stop so high.
Today I am keep asking myself. Should I exit the Trade right now and earn 350 pips? or just leave it to hit the stop loss.
what the H is Senkou Span or Ichimoku Kinko Hyo. I suggest you look at my previous post “My new Ichimoku Forex system: Leoku“
which tell you which indicator I use and all of my setting; how i use to trade Currency Market or Commentary Market.