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selfrighteousgambler
Jun 13, 2015 2:13 PM

NZDJPY INTRA-DAY LONG Long

New Zealand Dollar/Japanese YenFXCM

Description

Despite the strong move away from this price area, a lot of price action has occurred in the area.
Therefore, a 2:1 return is probably best. This is no more than income trade (to pay the bills).

EP: ~86.070
SL: ~86.000
TP: >86.220

If you trade multiple positions, close some at 86.220 and let the rest run to ~86.320.
Comments
nmike
...better to align trades with higher TF trend in my opion
selfrighteousgambler
Indeed. As I do... Most of the time. Sometimes, I go against the trend, especially as I am only going for 20 pips.

But I agree. Trading with the bigger picture timeframe is key.
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