Trader Dale Volume Profile

Position management
Let me give you one more example, this time of a swing trade on the EUR/USD. The price didn’t
really respect a short level that I had there and went into the SL. However, the Daily candle didn’t
close above the SL and it also didn’t hit the catastrophic 150 % SL. For that reason, I didn’t quit
the trade and held it. Eventually, the price turned and I was able to take a profit.
*I prefer to use the Alternative SL approach in my swing trading and I use it with daily candles. I
don’t apply the Alternative SL method to my intraday trades.
Stop-loss management
Stop-loss management is when you manage your potential losses by moving the SL order. I
distinguish three SL management approaches:
Aggressive approach: You trade without moving your initial SL. If you used for example 12
pips SL then don’t move it no matter what happens. There are only two outcomes of the
trade: full SL or full PT.
Even though this approach may seem too simple to work, it is in fact, pretty effective.
However, sometimes there are cases when the position turns just a tiny bit before the
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