Short 1 (100) @ 6616
Stop @ 6885 (-269)
Target @ 6075 (+541)
Support level break of 6726, nice bear candle.
Click above for larger image
Stop moved to 6611 (+5)
Stop moved to 6222 (+394)
I moved the stop in really tight to protect profit because I was going to sleep. In hindsight I should have given it a little more room to breathe but I don’t mind taking the profit off the table. I could always re-enter. It ended up hitting my inital target after I exited. I’ll take 394 pips any day of the week.
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Beautiful Trade with an excellent risk reward. As I mentioned, you really have a good eye for this type of trade. Do you money management rules allow you to open up are larger lot size? Well done!
You are really starting to get the hang of this. It is fun to see how much you have grown as a trader in the last two months. GREAT JOB!
Good management Hugh – it makes for a sounder sleep too!
Of couse this is a great trade and seems well thought out.
It is hard to see the chart with the black background.
How/Why did you decide to use that support area?
How did you choose your target?
When did you move your first stop for +5?
[...] EURCAD +394 [...]