It has been a while since my last post. . there are some changes made. . take a look at my past posts in relation to this post. you'll see some difference in how i've been trading. in someways its much simpler, at least to me, on opening trades with stops and targets.
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Ive taken a Long trade. and now I wait.
Here's the short term picture in a nutshell.
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Sweet.. I've moved my Stop to +11pip
hopefully momentum is not compromised. Target is around 110.40 area.
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But something tells me that momentum will end very soon or might keep going .. Looking at the Dollar Index. all I can do is wait and find out.
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Well so far so good . I've locked in +20 pips
will wait to see support hold or break .
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There goes first Support
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Oh well .. look at that .. It was right in front of me and caught it just now. so just updated the short term chart and saw another possible trade .. so I took another small trade to the Long side.. . In it to win it son.
Got stopped out of my 2nd small position -9pips but Initial Trade still winning .. got stop at +20 pip
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*_* . yet again another stop hit
but we move on. Here is how I see it now. Price might hit the initial Trade's Stop @ +30pips. In which case I'll be looking to short. And I'll keep an eye out at the $ Index chart. The momentum pattern is identical.