I am short after breaking Friday's low. I waited for the 1st 15 min candle to open after penetration.
Zone Breakout Method
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DislikedNice, simple and sensible. Are you targeting 1.4620 ish? The 50% and strong support?Ignored
DislikedHi Powertrader,
Great strategy. Very simple and well explained. Thank you.
fxpilotIgnored
DislikedHi Powertrader,
A question on take profit targets. Since there is a major support level at 1.4625, why didn't you just let your trade run to that take profit level? I exited the trade earlier also just as you did. I am just trying to find out if there is a better way of managing such trades.
I sold the break of Friday's low at 1.4755 and exited at 1.4680, todays daily Pivot Support 2. I have found exiting trades difficult.
fxpilotIgnored