Disliked{quote} The magic MM64 on a 60min picks your levels of interest as well {image}Ignored
Just going to wait until this H4 candle completes to force some additional patience and then let loose with another trade to the long side.
SL will have to be 200 pips
TP at the same price as the 1st trade.
Although Trade #1 is net positive it needs to be said that the risk is still at least where the SL lies which is at 2% since I have not reduced this SL as yet but will do so when I believ the time is right.
Trade #2 at 200 pips and 0.01 lots means another 2% of risk is added to the running trades across the account.
Total risk then will be close to 4% < 5% limit.
Next step if the trade runs favorably is to reduce some of this 4% risk.
News: GBP: CPI y/y tomorrow followed by BOE speech by Carney
Masterrmind.........
Master your Mind then Master your Trades