{"id":217963,"date":"2022-04-22T08:47:54","date_gmt":"2022-04-22T07:47:54","guid":{"rendered":"https:\/\/www.forexmentorpro.com\/blog\/?p=217963"},"modified":"2022-05-02T19:22:58","modified_gmt":"2022-05-02T18:22:58","slug":"300-pips-scaling-in-and-out","status":"publish","type":"post","link":"https:\/\/www.forexmentorpro.com\/blog\/300-pips-scaling-in-and-out\/","title":{"rendered":"300 Pips, Scaling in and Out"},"content":{"rendered":"

Hi, one of my new private students suffered the pain this week, he missed an entry by 1 pip and then watched the trade move 100 \ud83d\ude41<\/p>\n

I on the other hand caught some of the trade. Why?<\/p>\n

I split the entry into 2. One at a higher level and one at my preferred “A” grade spot. I have explained that I have been doing this a lot this year as there is nothing more frustrating than waiting weeks for a trade to only miss it by a few pips.<\/p>\n

*In Sunday’s post, I talked about this for the Aud (which I did catch half of) and the Euro\/Gbp which hasn’t moved enough so far.
\n(YOU NEED TO BE A MEMBER TO HAVE ACCESS TO THIS MEMBERS EXCLUSIVE POST)<\/p>\n

I also caught half of the NZD\/CHF. My Cad trade worked yet again. I then scaled out (took most of the profit off) and left the balance to run…which it did for almost 100 pips \ud83d\ude42<\/p>\n

All pre planned and shared with you on Sunday. In total more than 300 pips for the week, but is it? I only caught half of 2 then scaled out of another so its probably “only” around 150, but better than missing them!<\/p>\n

The moral of the story is be flexible both with entries and profit-taking<\/strong><\/em>. I already made a month’s profit by the 14th of this month so any extra pips are pure profit<\/p>\n

Also my private student Ashley shared a EURGBP trade where he made 50 pips. He also took profit on the AUDUSD banking 70 pips before it started reversing, ending the week in profit.
\n\"eurgbp\"<\/p>\n

Check out the video so you know what to do next time:<\/p>\n

regards<\/p>\n

Marc<\/p>\n