Yes, I do understand. I am following along and taking notes quietly here. Being new to the Forex trading, I am in my own little learning curve. Thanks for taking the time to post as well as respond. It is appreciated.
Cable is moving quiet seriously, but I already mentioned about the h&s possibility on weekly charts. It shouldnt prevent from further taking of long positions, but its a warning to act very carfully in case entering future longs.
Open positions: Sep.18 short usdchf @1.3848 tp1.3535 Sep.16 long eurusd@ 1.1173 tp@1.1405 Stops at entry level at the moment on both. My first targets (from last week) on these trades were reached (1.1370 and 1.3660), but as you know I revised target on euro this week (posted about it earlier), and changed target on usdchf after reentering yesterday. Now we got little stalling on these levels reached, but those are not serious levels after that much consolidation during this week and several attempts of breakthrough which finally occured and we are witnessing now; so I think targets should be left in place, except for maybe before week closing I will consider whether to move stops to lock some profits (most probably I will put stop on euro @1.1250 and on swissy @1.3700). Regards, Rezo.
Ok, week closed, stops over the weekend adjusted as follows: euro stop@1.1300 (lock 127 pips for profit) swissy stop @1.3770 (lock 78 pips) Have a great weekend everyone. Rezo.