DislikedAnyone watching this one? Another H1 treat ... if you caught it. 156 pips from the E Line. {image} Entry is actually on the H4 E line, so you can still get on board. Pending order, lower down, is at H4 U.Ignored
Hi Wab,
Actually I catched that move. Would like to show you something, which may be used as additional tool for take profit.
I use many Bolinger bands as I've seen a trader here called scalpeur doing it. When the price goes to a BB and the band's direction is against the direction of the price, one could consider exiting the trade.
In this case there was a BB 1200 inferior band which simply stayed there waiting for a meeting with the price, waiting to be touched This was my target. After touching it the price immediately retraced. It is a simply idea which you may take into account if you like.
With respect to that short trade which can be seen on the chart, disregard it. It was just there when I printed the chart.
Furthermore I will try to grasp that Chuvashova fork... it still eludes me
Best regards,
Dragos