dojitrader
Long

3 Drives On The Open ???

FX:EURAUD   Euro Fx/Australian Dollar
138 4 3
Harmonics and the symmetry have a pretty good "look"
It's low risk and divergence on the RSI with
broken 4hr support a sure sign this is wrong.
Might have to wait a while for a decent spread.
On the open my platform's spread is 20 pips.
Got lucky and spreads settled down enough
to give me a fill @ 1.5162 so, we're off
and running with high expectations ~~~~~~~
Low risk will let me sleep like . . . a trader. . .
(you were thinking, what ?)
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dojitrader dojitrader
Instituting a new trading rule for my plan -----
Informal study and testing has shown me that
when a trade hits +60 pips but is short of the 1st target
I should move my stops to break even +3 (to cover spread)
instead of waiting for price to hit target 1 to move stops.
In other words I'll give back 60 pips but not, in this case, 88
(for a -28 pips) when I'm trying to make 120.
Reply
perfect!
Reply
After a promising start it looks like my new trading rule
has been a success - at least in this trade. So, I'm out
on stops at break even. Rats !
Reply
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