So i kept watching the Euro chart and look what we have! a candle closed above 1.4502.
I entered into a long position when then next candle opened.
My Trade Plan
Long EUR/USD at 1.4518
stoploss: 1.4492 (10 pips lower than resistance level 1.4502)
when spot moves 50 pips up to 1.4568 i'll move my stoploss to breakeven at 1.4518
when spot hit 1.4618 i'll keep a trailing stop of 20 pips
Update
spot has breached 1.4568. I've moved my stoploss to 1.4518.
spot breached 1.4618 and kept a trailing stop of 20 pips
Got stopped out at 1.4621.
profit = 103 pips!
I entered into a long position when then next candle opened.
My Trade Plan
Long EUR/USD at 1.4518
stoploss: 1.4492 (10 pips lower than resistance level 1.4502)
when spot moves 50 pips up to 1.4568 i'll move my stoploss to breakeven at 1.4518
when spot hit 1.4618 i'll keep a trailing stop of 20 pips
Update
spot has breached 1.4568. I've moved my stoploss to 1.4518.
spot breached 1.4618 and kept a trailing stop of 20 pips
Got stopped out at 1.4621.
profit = 103 pips!
Happy Trading!
FxTaurian
Very nice trade, mate!
ReplyDelete1. Nice support there!
2. Very nice TP/SL ratio!
3. Very nice MM!
Keep it up!
Hi Adminator!
ReplyDeleteyea unfortunately i just got stopped out. at least i picked up some pips. Maybe next time i'll keep a trailing stop of 30 pips.
I was about to say that 20 pips trailing is a bit tight for 4H trade. :o) But at least you get something.
ReplyDelete