ilmscore | Prediction Details
"and what I'm going to do is just as we break below the lows I'm going to to manage this position by placing my stop loss above the previous resistance for instance my stops are at break even now but if we manage to get a little more of a close under this level then I will be managing the position by placing my stop Above This resistance level and so on as the market continues to move down if it does in fact move down at all from this point so as we come down to my secondary targets all I'll be doing is taking my stop loss after every breaking close below a previous low and moving it down to above the previous High breaking close below the previous low stop loss above the previous high and that's how I'll be managing this position until we hit if we continue to press down towards Target number two"
By The Trading Channel (The Trading Channel) | May 3, 2016 | Pending
From video
(Trading Tutorial ) How to trade using simple patterns 00:20:25 - 00:21:19
Interpreted Prediction
The NZD/JPY trade management involves moving the stop-loss above previous resistance levels after each break below a previous low, to secure profits and follow the downward trend.

Prediction Details

Topic
NZD/JPY Trade Management Strategy

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