No trades last week. Had a quick flick over charts this morning but nothing catches my immediate attention. Will keep thread updated.
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DislikedGBPAUD order still in. Placing another to sell the break of this pin on AUDNZD. Stop at pin high, 2%
BRN, desc TL (although a little dodgy), prev support. Targets are close, will keep my stop tight once/if we get moving.Ignored
DislikedIm also in this trade but I've set my pendind order 8 pips below yesterdays close.
I have 2 questions if you dont mind:
1. Where do you have your TP level?
2. You've entered some 30% above the close of the pin, how do you determine where to place your pending order?
I've seen people do this quite often and of course they are better of then me with the entry below close. Unless price goes directly down...Ignored
Disliked
1. I don't really have a TP profit right now. I'll simply follow price with my stop movements. So it'll either just keep going or stop me out.
I've moved my stop very close on this one as we've come into support areas straight away. If we get past support here (being the 1.29RN, 365 and 150 emas), I'll leave a bit more slack on my stop. Once I get towards 1.28 I'll follow the stop VERY closely once again, as it's major support and I don't mind getting out there.Ignored
DislikedSame here.
SL just at BE till 1.29 gets broken was maybe the better option. Or just TP at 1.29, because besides the RN, there where also the 50 EMA and 365 EMA.
But then again, pips are pips.Ignored