Follow the arrows, key levels for Shorts and Longs. Optimum buy and hold around the green rectangle, but buying on every green dashed line is a good idea, as well as selling the reds.
-Longs pending orders from @1.5123 and @1.489 are closed, target @1.543 hit. -Short pending from @1.542 partial profit taken @1.510, the rest will close @1.45 or breakeven. -Waiting for better place to add shorts, as long as the Orange trendline is not break. Will post lower timeframe later. Good luck
Comment
⋅
EURO as expected failed to break the @1.48 level and staying above it, the main plan is still Long but i will not risk buying now, will just wait for a clear break above @1.048.
The optimum buy and hold levels were not reached yet, my standard long order is divided and spreaded as following: -50% are @1.4550 , @1.4500 , @1.4450 , @1.4400 and @1.4350 levels 10% each -50% are @1.4300 , @1.4200 , @1.4100 , @1.4000 and @1.3900 levels 10% each
The price action may not open all the orders, which may minimize the normal profit, but using this strategy for the long term trades has proven its efficiency minimizing the overall swap costs, getting max profit from the spikes which hunts the stop loss leverls as well as dividing the risk and making the total order Stop loss much wider.
Good luck
Trade active
⋅
Keeping Longs from @1.515 . Waiting for break above@1.55 or retest the broken trend line to add more longs. Long pending orders between @1.50 to @1.44
Comments
Anees
⋅
I did not entered from the bottom,as it didn't hit my pending orders there, now we got a clear daily breakout, trade is active with 1/5 my normal lot size @1.515, pending orders for the other 4/5 lot size are spreaded between @1.49 and @1.44.
Lets hope it consolidates soon, otherwise it will go up fast trying to break the @1,545 level and staying above for a while.
Lets hope it consolidates soon, otherwise it will go up fast trying to break the @1,545 level and staying above for a while.
Good luck