Hello traders,
Today I did three operations. A long setup on CADJPY H1, a long setup on AUDJPY M30 and a short setup on AUDUSD M30.
I had 2 winners and 1 loser. In the video I show you how I handle losing trades in CADJPY.
Many times a zone breaks and price returns to the zone. The price very rarely goes in one direction, it usually goes up and down, so we can make a profit out of it.
I had a long setup on CADJPY H1, then I saw the price going against me and I moved my Take Profit level into loss territory, I also lowered my Stop Loss.
Price went through the zone and then went up again, so I lost half the risk. This is a technique I sometimes use to cut my risk in half.
You can also use it and you will see impressive results in your profits. All we want as traders is to maximize our profits and minimize our losses.
In the live session video below you can see all the setups I saw today and how I handled them.
My setups were detected using “Supply Demand EA Pro” in combination with the “Automated Trendlines” indicator.
DEMAND FOR SUPPLY AND PRO: https://www.mql5.com/en/market/product/66734
Automated Trend Lines: https://www.mql5.com/en/market/product/34252
