DislikedI definiately took this, my problem now is the management. I have reduce my stop and I feel comfortable doing this because of the round number protection. But I am up about .5R and know that if I was trading 10,000 a trade I would be at BE or took profit already. But I am not trading that amount but I have cut my stop down to about.5%.
I dont want to put the stop at BE becasue I know a retrace is possible and likely as we approach the lows of 1.58 & even 1.5850. Especially sinc ethis wasn a large swing high But then again when has this trade...Ignored
Your chart looks pretty much like mine I have somewhat reduced my stop. I am leaving soon for the night, so I have my take profit at the lows. Nothing wrong with moving to b/e here also, depends on your overall method in general. I am going to simply watch the 1.59, and see how things shake up. I am thinking after we retest the last low and break past it the real reversal comes in. We could very well bounce here though. For now I am with ya too.My take profit is above 1.5850 for the time being and will re-evaluate on my phone every few hours I get a chance to look
Mike