DislikedFood for thought
We take a long-term (500 plus pip) postion with sl 100 to 150 pips.
1. It shows profit of 40 or 50 pips and bounces from a strong s/r in its way. Profits shrink to 35 pips and we cash in with an intention of re-entry when it resumes going in our direction. That re-entry never comes.
or
2. It shows a loss of 50 pips and looks as if it will keep on going against us for another 100 pips. We close or enter in the opposite direction. It starts going in our original direction and we do not get a re-entry
or...Ignored
MMMYYYKKK