Ongoing trade update. I moved my TP upto 11300 because there was no significant reaction as price approached 11280.
I am keeping an eye on the Tails of the 5 pip Renko, once we start to see a few more consecutive tails this signals that momentum is starting to fade and there could be a pullback. The trick here is not to get faked out of the trade too soon.
I am keeping an eye on the Tails of the 5 pip Renko, once we start to see a few more consecutive tails this signals that momentum is starting to fade and there could be a pullback. The trick here is not to get faked out of the trade too soon.
Cut your Losers short and let your Winners run.