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Many times I see people posting something like this: "My system is as follows: Enter when 5 EMA and ...
Many times I see people posting something like this: "My system is as follows: Enter when 5 EMA and ...
Price action today offers a clear view of how to use pivot points as support and resistance. EUR/USD move stopped for a little while at daily pivot and S1 before resuming. Chart included.
Closed one lot at +22 pips. The other lot, move stop to +10. Let it run for a while. Sorry for a typo. Text on the image should read "Double Top and Divergence". Update: Second lot got stopped out for 10-pip profit.
15/05/2006 EUR/USD: Short - 1 Lot - Entered 1.2832 - Closed 1.2804
I closed the trade for 21-pip profit as news is about to come out. Today has been good to this little asian guy .
Trade has been good so far. Closed 1 lot at +30 pips. For the other lot, I moved my stop loss to +10 pips to lock in some profit. Chart included below. Happy trading. Update: Closed the second lot at +18 pips.