crvic wrote: Sun Mar 17, 2024 3:48 am Hey ChuChu, I was testing the indicator you recommended above and it really is very good for hitting the trend! Thank you very much indeed for the valuable tip! Now I have to find an effective way to exit the trade, maybe with Fibonacci as you suggested or another way that works... It's helping me a lot friend!

Nice to hear this.

I'd like to add to the topic too. When starting out it can be hard figuring out when to exit positions in profit. To help, an easy profit "Exit Strategy" to start with is by scalping for 10 pips twice per day for 100 pips per week.

Try these rules:

• Trade only during the US session.
• Make 20 pips per day doing two trades with a profit target 10 pips each trade.
• Once you make your 20 pips for the day, close your platform(s) and don't look at the charts again until the next day.
• Do this every day. Once you gain 100 pips, don't trade anymore for the week.

Focus on meeting this target for 3 months and don't be tempted to trade more.

As our moderator Xard says: No need to be greedy, just take some meat off the bone. (Pic from my old post on scalping).