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Now, you should consider on how good you had predicted the direction. If ever the prediction was good along with the market moved in the same direction in which you had predicted, you will close half of the position when current market moves using the amount you would have risked. In this particular case 30 pips! For that remaining half, place a trailing stop with a 20 day Simple Moving Average whilst to utilize the move as almost as much as possible. In case, the moved regarding wrong direction, the stop-loss will get hit and an individual out among the market along with a loss of 30 pips!
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