GBPNZD Short Short

FX:GBPNZD60

British Pound/New Zealand DollarFXCM

Description

⋅ May 30, 2016 8:18 AM

Short on pins, and other confluences

Comment

⋅ May 31, 2016 4:22 AM

SL: 218.83 (1R=56pips)
Entry: 218.27
PT: 217.22 (105pips)
(ultimate trail target: 214.30, 400pips, 7R/R; subject to surviving next swing high from top, with LH/LL)

Comment

⋅ May 31, 2016 7:37 AM

Whenever 1R higher high is attained Trail down TP by 1R & SL by 0.5R .... all the way until TP is trailed to 214.30

Comment

⋅ May 31, 2016 7:39 AM

sorry... typing mistake,
whenever price move lower low by 1R, trail down the TP by 1R & SL by 0.5R
(i.e. trail both SL & TP)
until TP reach 214.3

Comment

⋅ May 31, 2016 8:07 AM

Profit Extension using trailing or pyramiding.
See revised as idea here:

Comments

gcplau

⋅ May 31, 2016 4:21 AM

Details of Entry, 30 May 2016:

SL: 218.83 (1R=56pips)
Entry: 218.27
PT: 217.22 (105pips)
(ultimate trail target 214.30, 400pips, 7R/R; subject to surviving next swing high from top with a lower high)