Reasons to Enter
NOW WE HAVE PROFIT AND IT BREAKS THE TREND LINE
PULL BACK RETEST
exit first, that is the decipline, we move to the next good trade.
QQ Group: 609224828
( the AUD is over valued) Entry working on Fib and the trend lines,
((161.8 this time not the 61.8)) the SL as the is good resistance levels,
target you say 10 times the risk ((which i dont understand yet)) but looking at the chart there is also reasonable support levels.
Risk/reward, i dont know that yet
And the lot size, i was under the assumption 1 or 2% of your capital/equity.
Please excuse my lack of knowledge and being dumb at this but i am trying.
Again thank you Jack.
And i think in such cases the author should probably write a warning message that the trade is risky taking in count the upcoming news.
Will you show us how you manage this trade, like when we must adjust the stop loss to breakeven, when we must make half profit? I hope I can learn from you. Thanks