Stop adjusted to 93.50, it's bouncing off the aforementioned 93.90 resistance right now.
We'll see how it does-- I think this is probably a good time to illustrate how dynamic you can be with stops again. I'm only trading a single mini lot (for the time being), so I can't scale out of positions, but this would be a perfect case to. With even 2 lots, I would've been able to close one at 93.90 for a 70 pip profit, and let the 2nd lot run with a stop around 93.50, guaranteeing at least a ~30 pip profit at the worst, for 100 pips total. Of course I'm trading a very small account right now and will be for the next month or so at least, but it's a good lesson in any case
I'm still learning with all this stuff too, and writing out my thoughts helps me process it all, so apologies for cluttering up the thread so much
I know the thread is for S&R, but it's evolved so much into other aspects, it really has been an amazing learning experience and I'm just trying to do my part.
I find it very helpful to read the thoughts of others while they are in a trade... most of us are still learning the game also !
There is lots of talk on IRF Market news about possible major correction on all majors, so watch out.
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