Friday I entered short at a low resistance level. However after my entry the price went back up and I was stopped out of all 3 positions.
Total – 230 pips
However for the week I was up again at a total of +364, so it was a profitable week. That is all I am looking for.
So here it is:
When the price hits the horizontal line or the trend wall and then bounces of of that, I will enter short on the next 4hr candle.
I will open 3 lots –
1st lot with a limit and stop of 55 pips
2nd lot with a limit of 100 pips and a stop of 75
3rd lot with not limit and a 55 pip trailing stop
Latest posts by casey (see all)
- Eur/Cad Channel Trade Entry - June 9, 2016
- Two Fresh Trade Ideas: One USD One Brexit Idea - June 7, 2016
- Eur/Usd Trade Entry Daily Break of Prior High of Day. - June 1, 2016
Winner’s Edge Trading, as seen on: