ok here my plan.limit sell orders in place at 1.2297 a small positions only and now i am going to cover a price band of 1.2300 to 1.2500 with bigger order near upper price range.i dont expect the price to go beyond 1.2310 but one need to be ready for the eventualities.i am going to put my orders at different levels in the above 200 pips bands and when all the orders are trigger my liverage going to be 1:10 and risk of about 3 to 5 % and i am going to cut down my positions agressively if price closed on 4hrly above 1.2550.
for the moments i have kept two of my long in play with tp at 1.2300 and these will close out and start my short orders.this is the 2nd time im trying to jump onto major trend last time its make me call mummy and let see how it goes.i am expecting the price to reach about 1.2030 and if previous precedent of price action any guide i am expecting the price break 1.2000 next week wed/thurs.say good luck to me
for the moments i have kept two of my long in play with tp at 1.2300 and these will close out and start my short orders.this is the 2nd time im trying to jump onto major trend last time its make me call mummy and let see how it goes.i am expecting the price to reach about 1.2030 and if previous precedent of price action any guide i am expecting the price break 1.2000 next week wed/thurs.say good luck to me
Allah has permitted trade and has forbidden interest [koran]