SniperFX

Trade Thoughts - Albeit Hindsight is a Wonderful Tool

FX:EURUSD   Euro Fx/U.S. Dollar
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This is just showing my thought process for a potential long term trade.......

Would certainly have to BACK TEST this as a set up and practice how to manage the Trade during the process......i.e. the 4 hour stop loss idea may lock in valuable profit SHORT TERM but will changing my STOP on a 4 hour timeframe STOP me out before my LONG TERM targets are HIT.....

Also, would want potential of maybe 2 more confluences to back up my Trade Entry, based on PRICE - may need to brush up on CANDLE Formations / Candle TYPES to add confidence.
SniperFX PRO
a year ago
would i have closed my trade based on the Marubozu bearish engulfing candle? or would i have stuck to my rules and gameplan - only BACK TESTING will give me confidence of this.
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