So you are into you’re trade and you are watching it go up
and down during the day. The best thing
to do is set your chart to the 5 minute chart and look at it periodically while
you go about your day. If you watch the
minute chart you will get freaked out every time you see a bearish candlestick. You can also check the 15 minute, 30 minute
and 60 minute charts to see where your moving averages are lining up and do you
see another technical set up forming.
Also, do not panic if you see the candlestick going below a
line of support or a moving average. If
the trend is strong and your indicators are right the price will go back above
those support lines and push higher.
However, don’t wait around too long if the set up wasn’t that strong to
begin with. If the market has been
pulling price down consistently that may be your cue to take profits or exit
the trade to prevent losses.
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