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Now, the treatment depends on how good you had predicted market place direction. As well as prediction was good and the market moved in likely to direction that you simply had predicted, you will close 50 % of the position when the marketplace moves by the amount you experienced risked. In this case 30 pips! For your remaining half, place a trailing stop with a 20 day Simple Moving Average in order to exploit the move as much as possible. In case, industry moved inside of the wrong direction, the stop loss will be struck and are generally out for the market having a loss of 30 pips!
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