
This is for you Jon and Kim. I will start posting these trades and answers to your questions here from now on. Hope this helps and remember you can skype me anytime and we can talk about it. It helps me become a better trading when I can discuss the trade with someone as well.
Entered the gbpusd at 1.44655 with a 4 staggered limit orders and all 4 got stopped out at 1.45150. Re-entered at 1.45655 with 4 new staggered limit orders and a SL at 1.4615. Taking profits at 1.272 fib=1.4472, 1.00 fib=1.4400 and .786 fib=1.4342. Lower SL at each target completion. Let the last 1/4 of trade ride. Second attempt should turn into a prtetty nice trade getting back the first loses. Also note that the MACD and Stoch are showing a downside bias. Good luck.
1 comment:
Thanks for the help. love these patterns
Thanks again,
Kim
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