Not much momentum today.This trade is just bouncing around entry. The markets have been very choppy the last couple of weeks. This is why it is important to get the risk off early imo.
Moving stop to 1.3058 to lock in a small profit. Putting a t/p at 1.3125 and leaving this overnight. 1.3125...
Hi Neil
1. Correct
2 & 3. If price closes outside range I looking for pullback in or outside of range doesn't matter. Long trade enter on the high +2 of the breakout bar, stop is at the low -2 of the pullback. Trade in 3 lots, scale out 2 lots at entry + half of initial risk( this ensures a...
Ok so not much action on EU yet.
I have a pending order to sell EJ 113.73 from a reversal off the 50% fib taking from yesterday's high to today's low.
If it doesn't trigger I'll see if it will move up to the 61.8% and I'll try again.
Hi All,
Look's like Pozzy is busy the last few days so to keep the journal going I taught I'd post a little setup on the EU, hope you don't mind Pozzy:)
Looks like EU is range bound the last couple of days so I'm looking for a breakout pullback "Pozzy style" trade.
So lets sit tight and see...
Hi Pat,
I'm really enjoying your journal.
In my opinion 50 pips when you are day trdaing is a big number and I would be protecting that gain by putting my stop down to the the previous swing high and trying to lock in some gain.
The hundreds of pips your are after don't happen that often when...