UPDATE #6: EURUSD:Focus On The Gartley. TP1+2 Hit (+295 pips)
This Gartley I posted 5 days ago has reached both TP1 and TP2 for a combined profit of +295 pips. But in a recent post on this pair (see Related Ideas: "ANALYSIS: EURUSD: Whole Lots A patterns point the way UP!"), I made it clear that I am VERY BULLISH on this pair and see MUCH greater upside yet to come. So therefore, I am NOT closing my remaining LONG positions and letting them ride. I will use a trailing stop of 75 pips (25% of the 295 pips realized profits) to allow for this pair to continue to rise while giving it some room to breathe! This is now a no-loss trade with 200 pips already in the bank no matter what.
*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!
If you like my posts and find them helpful, please take a second to hit that LIKE button and follow me so I will know my posts are useful to you. Doing so will encourage me to post more! As always, all constructive comments are welcome. Agree or disagree.
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