I could have minimized my loss on the first trade by moving my stop to underneath the price pause at 1.3671. I'm happy the second trade worked out in my favor but my target really wasn't that good. Price was breaking out of a range that it had been locked in since the beginning of the European session so there was a strong reason to think price would have continued downward as it did. A better target would have been 1.3620.
Hi Harvey, sometimes wad i do is by not setting the t/p or else set it further but have it in mind what is the price i'd keep the profit, juz in case price breakout further in my favor. of course, that is provided u're watching the chart close.
ReplyDeleteMind if i add u in my blogroll?
Sounds good to me.
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