Technician
Long

EURUSD: Simple Long on Potential Correction!

FX:EURUSD   Euro Fx/U.S. Dollar
2608 36 25
UPDATE: I should have cancelled this trade based on rule number 5 "Note that If 90 percent of first target is reached without triggering entry, trade is cancelled"
Profit(pips)=-65x2=-130.
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A very simple long setup on trend line break and inverted head and shoulders after a prolonged bearish wave.

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Technician

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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
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
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Profit(pips)=-65x2=-130.
+1 Reply
Technician TOP Technician
This is the outcome of breaking the rules
+1 Reply
Pepolape Technician
I keep stop-loss on 1.2610
Reply
Its ur call.. I am out of this trade
Reply
Pepolape Technician
out 1.2639 ;)
Reply
Lets compensate that in the next trade ;)
+1 Reply
Pepolape Technician
dont worry, its the game!!
+1 Reply
Pepolape Technician
i think i'll wait till 1.2574
Reply
Pepolape Pepolape
1.2606 ---> AB=CD and 88,6 of previous move
Reply
Pepolape Technician
im still thinking on this long, SHS on 5' entry 1.2624 stop 1.2606
Reply
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