*Update: Stopped out ------------------------------------------------------------------------------------------------------------------------------------------------------------I have shorted the pair again near the descending resistance of the short term falling channel, the price printed a pin bar at 0.7920 horizontal resistance. Hope this one goes as anticipated following a few bad trades..
================================================================== Trading Criteria: 1. Trades are taken in two units 2. First unit would be closed at first target 3. Stop loss is then moved to break-even 4. Second unit would be closed at second target Notes: 5) If 90 percent of first target is reached I move stop loss to breakeven. 6) If 90 percent of first target is reached without triggering entry I cancel the trade. 7) Remember: Losing is a main part of the game
Comments
Technician
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Stopped out again.. Have to get some rest of trading now
moneymaking
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Also got stopped out. Many people's stop losses were hit, that's why we see that big exhaustion candle with a big wick. Oh well, I guess its part of trading.
UtterOnce
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they say its bad to trade dec and jan apparently
nick.harrington
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Technician really enjoy reading your ideas, keep up the great work! Are you still in this trade? I was looking to get back in short if it touches the channel line again, which it has. Interested on your read on this now? Thanks, Nick
Malik1978
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Good Luck to all, I am in too.
moneymaking
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Thanks for sharing :)
UtterOnce
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similar trade entered
Technician
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Good luck
Barabaszek
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I'm in .Good luck my friend.
Technician
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Wish we compensate for the previous one. Good luck..