We are overbought on several of the oscillators on the 4HR time frame. We will start with simple 50/50 TP and SL in pips.
We are going to monitor every four hours and add positions as needed, I posted a screen shot of previous trades to demonstrate the cost averaging system I typically use. We are going to use the oscillators to determine our exit, I will update as needed.
We will bump our SL as needed if we re enter with more positions, see attached picture.
0.01 lots per thousand of the account.
We are going to monitor every four hours and add positions as needed, I posted a screen shot of previous trades to demonstrate the cost averaging system I typically use. We are going to use the oscillators to determine our exit, I will update as needed.
We will bump our SL as needed if we re enter with more positions, see attached picture.
0.01 lots per thousand of the account.
Trade active
Sorry for the late update, I added more positions at the top and moved my SL to the 0.9153 level, if you didnt get a chance to add, we can add some more positions when the market reopens on Sunday. With how spread out this trade is going to be because of the big bump, our new TP will likely be some where near our initial entries or just above them, we are going to get paid very nicely on the top positions so we can afford to take some loss on the less optimal entries.
Note
Adding another position here at 0.90781, SL is gonna stay at 0.91257Note
Adding another position here @ 0.91062, SL bumped to 91400Note
Adding another position here @0.91241 2 x the normal size (0.01 per thousand if you follow me) and bumping SL to 91600
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.