junhojang1021
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EUR/GBP POSSIBLE SHORT

FX:EURGBP   歐元 / 英鎊
47 5 5
WATCH FOR BREAK OUT BUT I'M ALREADY IN TRADE AT THE TOP AND WILL SEE
I opened short from 0.84765 with SL 0.85128 (above the resistance on previous high).
If you don't mind me asking, where did you place your stop and what is your target TP?
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@AEFX786, Hi, I usually don't set stop loss because sometimes it spikes up and down. I close my trade whenever I feel like it's going opposite trend. I may close my trade at 0.85000. I shorted from 0.84858. My first target is 0.84391 and second target is 0.83971
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AEFX786 junhojang1021
@junhojang1021, Cool.. yeah I'm worried about the spikes but when I don't set a TP I end up running with my losses. Thanks for your targets, I will check them out. Do you use a trailing stop at all? I've now got access to one but not sure, if I use it.. how many points away I should set it to. Obviously nothing beats being glued to the screen lol
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@AEFX786, I'm not really worried about spike. I think all we need is reacting after spikes. Spikes means market starts moving strongly. I have used trailing stop before but It doesn't work for me. If it hit my target, I'm done. take a peaceful rest and wait for next entry on same pair or different pairs. and I use my target when trending confirmed If not, I'm standing by to take profit or loss
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AEFX786 junhojang1021
@junhojang1021, Sounds good, best of luck :)
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