G'day all,
Here's a trade on the aussie that I just exited. I entered with 3 lots and took 1 lot at the tunnel (+17), took another lot at the 1st fib (+49) and exited halfway to the next fib (+64) - i didn't think it had the legs to get there (I could be proven incorrect but it doesn't matter). All up +130. See attached chart.
Of course, these were micro lots and it was on a demo account, but 130 pips is 130 pips.
You'll notice on my chart that the RSI momentarily went below 50 on my entry bar before returning back above on the next bar. This is something that happens and we have to trust that the system will work itself.
Cheers,
Art...
Here's a trade on the aussie that I just exited. I entered with 3 lots and took 1 lot at the tunnel (+17), took another lot at the 1st fib (+49) and exited halfway to the next fib (+64) - i didn't think it had the legs to get there (I could be proven incorrect but it doesn't matter). All up +130. See attached chart.
Of course, these were micro lots and it was on a demo account, but 130 pips is 130 pips.
You'll notice on my chart that the RSI momentarily went below 50 on my entry bar before returning back above on the next bar. This is something that happens and we have to trust that the system will work itself.
Cheers,
Art...
Attached Image