FX:GBPAUD   British Pound / Australian Dollar
216 5 22
Active sell @ CMP GBPAUD             .
We could expect the price to reverse and create a new Low.

Unbreakable Rules
1. Never add to a losing position.
2. Never risk more than 5 percent of your trading capital on any one trade.
3. Always have a protective stop in the market.
4. After a trade has been place. Think like you are viewing the market through a prism.

1. Never close a trade without a reason.
2. Take responsibility for your trades.
3. Markets that have higher lows are in uptrends. Markets that have lower highs are in downtrends.
4. Always do your analysis prior to the market open
Trade closed: stop reached
carney's bat?
+1 Reply
morshedul.sazid Alexander_Nikitin
yes Alex! :)
Alexander_Nikitin morshedul.sazid
carney doesn't rely on pattern much. his strategy is to define prz and then look for what priceaction takes place there. so, limit order strategy doesn't work well on his setup. on the other hand, Akil's rules bat was desighned specially for agressive limit orders. that makes a big difference. it is the same if you will trade my rules bats without knowing why I designed it the way it is.) haha)) hope, you got a hint)
+2 Reply
morshedul.sazid Alexander_Nikitin
Ah! I see. Now I understood :) Thanks Alex.
ganjue shi xiangshangzou
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