Traded the 4hr chart, the price was above the 34 EMA, and although this is a deviation away from my usual rules, (already crossed over), i saw this as an opportunity to gain a profit,
the MACD had recently crossed and the stoch was at oversold levels,
Position was 0.08 micro lots open @ 1.3565 and SL at 1.3505. Trailing stop was 50 pips. and potential TP was 1.3760.
Breakeven was reached quickly and was happy with trade progress. im now learning to BE as quickly as possible, that way if it drops again, i have lost nothing, i can always open again. in fact my broker would love that. lol
position closed @ 1.3646, making 81 pips in the process.
On Wednesday October 12th, 2011 at 06:31AM by kiloandstitch - Like - 0 People
Congratulations on your win! Planning to trade it again soon?
Leave A Comment
Please sign in to comment.