Trading Consultants Inc discusses closing a trade early .
Trading Consultants Inc. does close many trades prior to target. Some suggest this reveals a lack of confidence in our initial plan. We disagree and offer this successful trade as background on our thought process on closing trades prematurely .
Again I remind you that we take all trades based on Monthly chart analysis and use H4 and Higher for entry decisions. But when we do our daily close review we do consult lower time frames to see if there is resistance levels that are restricting upward or downward momentum. In the case before you that we closed only moments ago we had a H1 Supply zone that had rejected price strongly enough to create a demand zone nearly 30 pips lower at 1.2983 ( Blue rectangle) Love our new pastel screens!
When you use a percentage calculator you can determine that the trade made a bit over .5% for a period of 6 days . Assume 200 trading days and the APY should yu be able to earn this level daily or 30 multiplier yields 15% Yep better than CD’s. Here we have 1 of the 4 possible outcomes small gain. Trading Consultants Inc Discusses Possible Trading Outcomes. and we reduced our risk exposure bu 30,000. Will it go higher ? Possibly but equally possible is a retrenchment so I am ready to reengage with limit orders to be placed later.