Yes - im opening always 2 positions. All is desribe in my strategy.
1st position is short term - im defending it closer and target after which i start to put SL just over last 5min bar is much closer than on
2nd position long term - defending further from market price, and target after which im defending it closer is bigger. For example now i opened position on wave 4 high so target will be below low of wave 3.
11:22 GBP/USD Second position closed on SL 1.57015. +24pips with 13pips SL
Ignored
Akhh,
I placed the same trade. I am interested in your method of trading and analysis because we are looking at the same trades (I checked your GBPUSD trades since the start of this thread).
The difference is in the entry. You use DT, while I only trade the breakout of London Open Range. As such my entry will be later than yours, in the same direction.
I am still in the trade. I use daily R1/S1 levels for my profit target.. which matches with your first chart for todays trade showing second target!
Its amazing that we are using diffferent strategies but arrive at the same conclusion. I won't post my strategy here since it differs from the content of this thread, but will continue to follow along.
Posted a chart showing my entry and my profit target. The yellow line on the chart is Oanda's daily S1 pivot level.
