DislikedThere is no TP on this trade setup.
This trade is intended to take as much profit as the daily candle has to offer.....or hit the 30 pip SL. That's why it is entered as close to the open of the new daily candle as possible, when the weekly and daily confirm direction.
If the trade survives the day and confirmation continues the next day, add another position. There could eventually be a dozen or more positions.
The overall purpose of this trade setup is to eventually catch a trend that lasts several days to months. With added positions...Ignored
- #15,190
- May 24, 2011 5:13am May 24, 2011 5:13am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #15,194
- May 24, 2011 6:38am May 24, 2011 6:38am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...
- #15,198
- May 24, 2011 8:42am May 24, 2011 8:42am
- Joined Aug 2010 | Status: Tööröh | 14,292 Posts
Hero calls followed by margin calls...