DislikedSupport line showing on the daily chart.
Anyone else buying Euro at low levels?Ignored
On the demo, I am experimenting with a hedge strategy. Hourly chart, 100 sl
to give the trade room to breathe. Take out a hedge if the trade gets to -30 to -40, sl and tp the level at which I took out the hedge. Last night I wanted to go to bed just as the long trade hit -30, so I took the hedge short with sl and tp both 30.
The hedge hit its tp, so I have moved the by sl up 50 pips, reducing my maximum loss to 20. It has been as high as breakeven, but the market has the daily pivot and some close resistance levels to get through before moving up appreciably.