The support forum is built with (1) General and FAQ forums for common trading queries received from aspiring and experienced traders, and (2) forums for course video topics. How to Trade Price Action and How to Trade Forex Price Action videos are consolidated into common forums.
Brooks Trading Course social media communities
In video 37B, Al talked about profit targets there was a slide that stated to exit if there is an opposite signal, the protective stop is triggered or it's the end of the session.
My question is about the opposite signal - is this any opposite signal once you've entered the trade or is it an opposite signal after you've made the profit target?
For example:
I enter long at $10.00 with a protective stop at $9.00 and a 1x profit target of $11.00. At $10.50 there is a bear signal bar, do I exit the trade or do I continue to hold until my profit target is met at $11.00 and then exit the trade on the next bear signal?
Its the opposite signal before your target is hit. In the bull scenario, you typically exit on a stop order a few ticks below the subsequent bear signal. Alternatively, you might decide to not do this, and simply trust your swing stoploss (if thats your rule). Al sometimes refers to AIBRE/AIBLE exits, which are examples of such early exits.😀
