12/02 Indices, page-86

Hey Calvo, with this approach if you don't take profit at target but open another position and move original SL to break even, you essentially increasing the size of your trade and it either amplifies your profits if it goes your way (because of initial position increasing profits + new position) or you just break even at worst (except the new added position may take some losses as well).

Do you look at EMA's to define if the move has some steam left? I'm asking because I feel the 4h charts are good at telling the change of trend but not necessarily optimal in telling if there is more steam left to the move.

As I just started trading I'm using tighter SL and TP to levels I'm comfortable, as I find it harder to keep positions without stops...