Silver trade almost hit TP but reversed — close it or leave it open?

New comment
 


Hey everyone,
I had a trade on silver (XAGUSD) that got really close to my take profit — just a few pips away — but then it reversed.

Now I'm not sure what to do. Should I close it manually or leave it and see if it goes back up?

The bot I'm using was showing a continuation lower, but price bounced right near the TP zone.

What would you do in this situation? Close it early or trust the system?

(Screenshot attached for context)

Thanks for your input!

 
Saeed Valiollah Hooshmandkhaniki:  Should I close it manually or leave it and see if it goes back up?
Do you expect us to predict the future?
 
Trust your analysis, leave it open 
You can just move the SL to break even so as to eliminate losses
 
if system is backtested on big data like 3 years and shown signs of hitting tp later even if its reversed near tp then you can keep waiting. In absence of backtesting data report and no info about such activity history, you can immediately close position, sometime ask or bid price reaches your tp but in reality in chart its not printed. As per your screenshot its too late but waiting or holding your trade with no idea and with "HOPE" is considered gambling
 

This thread (except for William Roeder) is the bipolar opposite of sensible trading.

When you have a statistically tested profitable strategy, no single trade matters one iota. At that point, it's how well you (or your code) follow(s) the rules of the strategy that matters.

New comment