Quick and simple chart ... why does it always have to be complicated?
Since June we are in a sidewards movement period of EURUSD market. We can use this to make quite good profits, until market breaks out again (see my other chart for more infos)
EURUSD slowly forming an symetrical triangle. At the end we can expect big movement, but not now.
We are still running between the 2 trendlines. I would split my position. Although we didnt make all the way down to lower trendline, we got a nice entry point now, and maybe got a nice shot. For the second half of the position I would wait until we reach trendline.
Then we can get all the way to our target zone, which is close to upper line. My SL would be next to the formation, to prevend big losses if we break through.
Happy trading!
!! Mention: This is my personal opinion, no trading advice. Its your money, your trade, your risk and your responsibility. Feel free to contact me private for further details or just chatting. Regards
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good 1st entry ... moved sl to 1.17 now
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taget 1 was a full hit. moving SL now, to save some pofit. waiting for bounce back, profit taking and entry 2
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sucessfull trade. we can go short now, and wait for new long entry. I close comment here ... have fun with profit!
@GeraltofToussaint, normally i do position splitting.
I opened 2 positions @ entry 1. And want to open 2 @ entry 2. I cant tell u now where I close. I usually close when target or SL ist hitted. Or when i think i can take profit now and open deeper later again.
For my 2 positions on entry 1 i will close earlier. But cant tell you. I depends on whats market doing.
U see ... its not so easy to tell u a time or a price.
junoooo
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@GeraltofToussaint, and I use railing stops for some positions ^^
But if you are interested ... I offer portfolio mirroring.