Hello and this is my first post!
I went short playing with a 5 pip SL on the descending consolidating triangle (tendency to break out the direction they were entered.) at 1.5058 for 0.5 lots. Took profit at 1.5045 on 0.3 lots. Letting the last .2 lots ride with a SL to break even. I've been reading that the NFP is expected to come in negative = bearish on fiber. I am hoping I don't get knocked out tonight and get to ride the NFP train tomorrow morning! Would love to see the 0.2 lots ride down to 00! (which is my TP2.) I printed a 1 minute charge to show breakout. I know 5 minutes is too unstable but the market is so dead! I normally trade 1 hour time frames. At least this trade worked out for now. (ooops, just got stopped out on the last 0.2 lots!)
I'm definitely a beginner but I have learned a lot from reading your (everyone) posts. I find the most valuable advice is regarding trading psychology and discipline. Lord knows I need to stop going full tilt after a losing trade!
Cheers
I went short playing with a 5 pip SL on the descending consolidating triangle (tendency to break out the direction they were entered.) at 1.5058 for 0.5 lots. Took profit at 1.5045 on 0.3 lots. Letting the last .2 lots ride with a SL to break even. I've been reading that the NFP is expected to come in negative = bearish on fiber. I am hoping I don't get knocked out tonight and get to ride the NFP train tomorrow morning! Would love to see the 0.2 lots ride down to 00! (which is my TP2.) I printed a 1 minute charge to show breakout. I know 5 minutes is too unstable but the market is so dead! I normally trade 1 hour time frames. At least this trade worked out for now. (ooops, just got stopped out on the last 0.2 lots!)
I'm definitely a beginner but I have learned a lot from reading your (everyone) posts. I find the most valuable advice is regarding trading psychology and discipline. Lord knows I need to stop going full tilt after a losing trade!
Cheers