This is the first time I have taken such a long time frame trade too... so truth is, my stop is huge and my trade size is very small... so actually I don't know whether it is worth for the money... I am doing it this time on principle of the matter... because the PB was there and it looked like a good one to me...
mbqb11 says if you make trade on monthly... look at that trade only on a monthly basis... do not close out until your target is hit OR check status of the trade ofter one month on the monthly time frame... I fully expected this trade to last 2- 5- months... I am up pips now, but maybe it will be up and down till I hit targets... my targets are 8160 and 7960...
Zooming even further out on the charts I think I see an even bigger H & S pattern...
A few more pips and I will move stops to lock in some profit... may change targets later too if need be.
mbqb11 says if you make trade on monthly... look at that trade only on a monthly basis... do not close out until your target is hit OR check status of the trade ofter one month on the monthly time frame... I fully expected this trade to last 2- 5- months... I am up pips now, but maybe it will be up and down till I hit targets... my targets are 8160 and 7960...
Zooming even further out on the charts I think I see an even bigger H & S pattern...
A few more pips and I will move stops to lock in some profit... may change targets later too if need be.
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