First entry was at 3703.. SL at 3697....which was the first green Haiken candle... Objective here is to be able to place our stoploss at LOD - filter. This reduces our risk per trade...
if this trade would hit stoploss... we would get fresh LOD... we would wait for the next green candle to go long with fresh LOD as stoploss... This is keeping in mind.. our objective is to stay long above the 52.0 mark on the WTI. As long as that 52.00 is not taken out... we dont want to go short.
market obliged us...and moved in our direction... broke days high...
now we trail the 10 LLV for our add.... this add is blind...without confirmation.
we got our add at 3708...
We need to exit this add so that our trade is free... our risk is 3703-3697 = 6 points + 2 for brokerage = 8 points.
So we target 3718 as it is the 36 bar high and we get our exit.... now our trade is free...
Our primary objective is not to loose money. Now that trade is free... We have 96 point target in mind... and we put this trade in the oven and bake it.
No reason to react to intraday moves whole day...