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ForexTradingIdeas
Nov 15, 2012 6:10 PM

quick scalp of 4 hr resistance Long

Australian Dollar/U.S. DollarFXCM

Description

trying a quick scalp off 4 hour resistance using the 1 minute chart and 15 minute double bottom. looking for 10 pips.
Comments
ForexTradingIdeas
Since my stop was moved to break even then to + 5 and the price action seemed strong to the upside I moved my limit to the spread adjusted .786 area and it got hit for 16 pips. Now looking for the next trade.

Remember the end of one trend and the beginning of another is not Equal in time and or price.
ForexTradingIdeas
Now that I am up 5 pips on this quick scalp moved stop to break even. Bernake is speaking ....
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