Well, it is also a much smaller position than I usually take so I can afford to take a few extra pips. Presently, it seems to be making a move back up, but we'll see how it plays out.
Ramdon Trader has a point - he's gunning for 200 or 400 pips - not just 30 or 50. If he also used a s/l, I think he could make it big.
Hi Lou, Sorry that I use your thread to my own trades - but I just want to inform about what happened next with my trade. When the price came back and broke support, I went short again. I am now flat - with a 77 pips gain - because I must leave the screen, because I have other important things to do, and because there comes economic reports later today. From now on I will only publish my trades in my own thread.
Its just the internet. Anyway I goofed and tok a 39 pip hit. should have sticked to the plan. Got to remember patience.
Should have got in earlier. but it still looks good. Sell Euro/USD at 1.2227 Stop at 1.2237 Initial Target 1.2050 10% capital
closed at 1.2237. out 10 pips Since Sunday, I am still up 60 pips despite a cobined loss of 49 pips with the last two trades. Looking to buy at 1.2225 Stop at 1.2215 target 1.2285 10% of capital. I hope I am not just chasing my tail