As soon as I get 4H close above 234 twice, I will be taking this long from 234 to 256 as TP1 and 320 as TP2.
Wait for the 4H close before starting this trade :-)
Manage your risk
Trade active
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234 close has now activated my trade. Lets see if we hit 256 in one go or will grind ourselves to that point. :-)
Trade active
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Moved my Stop-loss to 236, which is now a 1R profit from initial trade. My new dynamic R:R is 3:1 from 236 - SL -, 239 - current price -, and 252 TP1
Comment
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Still in the traded after a nervy 2-3 Horus.
Trade active
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We shall be hitting the target over the weekend.
Trade closed: stop reached
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Another almost 100% successful trade. Stopped out at 250, active management of the trade provided me with more profits than initial target :-) So, happy
Interesting chart, I had the similar approach some time ago.
foolsbookie
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@VincePrince, Nice. My trade is now active from 234. This range was critical for Either to find support before it launches its upward journey. My immediate target is 252, and long-term target by end of April is 340