DislikedHi Dark wolf
My entry criteria is based on a pullback to re-engage with the trend - I would be looking for a 3:1 trade minimum so with my target at 1.0393 that would be 1.:3.6 so 24 pips risk for 88 pips reward. What kind of stops do you use? I adhere to a 1% risk for a trade and usually have stops around the 25-30 pip mark. I use technical stops under support levels for going long. At a pinch I could have my stop at 1.0285
looks like the 1.0362 support is just about being breached - it has been going sideways for several hours - but am waiting...Ignored
The support area held on again.
Twitter - DarkWolF@OzForexTrader - Facebook Page - link in post 1