FOLLOW UPS ON THIS PAIR IN COMMENTS!!
Following up from last night, i was watching this pair for a while, and notice the persistence of price action upwards. i haven't given up on this pair as yet, just another possibility. stops placed at the close of C, so i'm still waiting for the downward move.
If you want to play it safe you can always get out and reenter when price gets a bit higher, but in my opinion, there's nothing more to lose by staying in, since your stops should have already been determine before entering; and not just where to put your stop, but what is your per pip price after your stop. Please remember, if you define that you're only going to lose 100$ on this trade, then you needn't worry.
Also, i don't invest more than 1% of capital on 1;1 trades. I don't usually trade anything less than 3:1, so this trade is a dry season trade. Trading is a business, and no individual trade can tell you your profit and loss, this can only be determine by a series of trades..
Following up from last night, i was watching this pair for a while, and notice the persistence of price action upwards. i haven't given up on this pair as yet, just another possibility. stops placed at the close of C, so i'm still waiting for the downward move.
If you want to play it safe you can always get out and reenter when price gets a bit higher, but in my opinion, there's nothing more to lose by staying in, since your stops should have already been determine before entering; and not just where to put your stop, but what is your per pip price after your stop. Please remember, if you define that you're only going to lose 100$ on this trade, then you needn't worry.
Also, i don't invest more than 1% of capital on 1;1 trades. I don't usually trade anything less than 3:1, so this trade is a dry season trade. Trading is a business, and no individual trade can tell you your profit and loss, this can only be determine by a series of trades..
