Free Forex Price Action Trading Strategies / Psychology Site

Available at:
http://adam2229.wix.com/ponshadaforex

Thursday, 23 May 2013

MTFM Long AUDUSD Trade 2

I took another long entry as we got the break of the double inside bars after an engulfing pin bars (second blue highlight):


Posted by at

2 comments:

  1. Unknown23 May 2013 at 16:58

    Up 50 pips, was up 70 at one point. Hopefully this will survive overnight and you can sit tight if you are in it.

    ReplyDelete
  2. Unknown24 May 2013 at 08:35

    Stopped out overnight.
    It is always tempting to move stops to break even once a trade is up more than 40 pips or so, but I prefer to wait 24 hours before even considering it. It can be very disappointing when the price retests entry only to take off again.

    ReplyDelete

Subscribe to: Post Comments (Atom)