Sell on Breakout! 23-8-16

FX:EURUSD   Euro / U.S. Dollar
1555 34 56
I'm seeing a downward trend is coming, will need to keep an eye on that, if it breaks up, the idea will be considered invalidate!
Trade active
Comment: 60+ Pips up!!
Comment: Game is on! Shorter timeframe correction in undergoing!
Comment: See, nothing's changed
Comment: For low risk trader: you can cut off your profit here! TP1 Hit
Comment: 120+ Pips up!
Comment: Move you stop to breakeven
Comment: Are you familiar with the pattern?
Comment: 155+ Pips Nice Profit!!
Trade closed: target reached: 180+ Pips
Hello! Wanted advice. It seems like what it matters is how price goes from A point to B point. You was in like 2 R profit and then price turned to minor negative territory and then again to positive territory. What you see in your account is probably like +200 USD today to -50USD on the next day. Once profit is taken from you, do you manage trades?
WaveExpert xiiimik
I don't run a single trade! I open couples trade at couple different points! And take profit according to the expected level! Some remain open and some being closed!
+1 Reply
xiiimik WaveExpert
For example, did you close (cover) some position on 2016-09-01 and did you reshort EURUSD on 2016-09-08?
Am I right that you are trying to capture small movements as well according to your plan?
WaveExpert xiiimik
I don't understand what you're trying to ask, but I do take some profit according to my position level on TP1 TP2.. according to market conditions!
xiiimik WaveExpert
Thank you! Last question. Is it like set and forget approach for you?
WaveExpert xiiimik
Not like that, you need to refresh the idea daily if you're looking on shorter timeframe!
+1 Reply
WaveExpert TweetFx
+2 Reply
TweetFx WaveExpert
very nice
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