Using a trailing stop
SwingPRO Trade Example
AUDUSD | 2012/02/13 | 10 pips
Description: Here we used a 50 pip trailing stop, locking in 10 pips of profit with our SL when the trade got 60 pips into the profit. (ref# 26)
Monday, February 13th 2012 @ 9:31 UTC - Trade Setup: Today there is a crisp rising trend support after the bullish opening gap, and we are primarily looking to get short off of this rising support break with targets at 20/25/25/25 for 95 pips profit.
Tuesday, February 14th 2012 @ 10:43 UTC - Result: 10 pips Our AU trade got 60 into the profit and then turned back, hitting our tightened SL for 10 pips. We were giving it room to breathe to hit all 95 pips as the current seemed to be slow and steady across all pairs.