same thing with eurusd but if you seen my previous charts i had long from friday at 1.3170 and thaks to the gap we saw today i had to close 1/2 of that trade and adjusted my risk to -30pips. Then price dropped to almost the same price (1.3180) and since i was already free, i opened another long with reduced size, and all positions have stop loss of 1.3170 now,...
long from 1.3180 no stops have been adjusted yet. will close the trade based on daily close. looks good for now tho. target is 1.4000 - ultimately... But for starters, 1.3300 is the nearest one.
after the second test of 1.0430 i moved stop to 1.0435 - just above the trend line - and i almost got my target hit, but the next day gap ruined it, so i put my new target on gap close which got hit and im out with nice sexy some profit. Happy new year guys. ps: the original trade:
105500 short limit order activated. it could take month before i see any reasonable gain but the reward is worth waiting.
I always thought leading indi'es give more reliable trend-lines. but this is by far one of the best. I dont have a bias yet, but if we get to 1.3 again this week, the reaction will determine the direction once and for all. Good luck everyone.
Closing half position at 1.03550 and trailing stoploss to 1.04450 thus making the trade *riskless*. Good Luck!
I am short with stop just above the "head". As long as price closes inside the channel that the 'neckline' created ill stay short. Could be wrong tho ;) UPDATE: Closing half position, thus making the trade *free*. (Stop trailed to 1.0445) Good Luck!