TradingView
tst
Jan 8, 2015 2:25 AM

Intra day trade 

British Pound/Japanese YenFXCM

Description

break out confirmed long entry. The spread on this pair is poor but worth a crack. trading these small intra day patterns i use a 5 candle break out rule as shown on the chart.

I'll exit position if in profit on the close of the 5th candle.

if not ill place a profit target and maintain a stop loss.

for a confirmed entry candle must close out side the wedge or channel as shown.
Comments
tst
stop was hit for a small loss. trade closed.
tst
tst
stop moved. 15min looks short for the last hour candle of my trade.
More