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Maybe I Can Buy Some Gum

Written by Hugh, on October 23rd, 2008

Not a big winner last night, but a winner nonetheless. I’ll take it over a loser any day.

Long 1 AUDCAD @ 8410
Stop @ 8380 (-30)
Target @ 8795 (+385)

Surprise box breakout.

Click image for larger picture

When the trade went 40 pips in my favor, I moved the stop loss to +10 pips. Price came back down and took out my stop at +10 pips for the night. As you can see, it is creating bigger Surprise Box that I am targeting again.

There is quite a bit of resistance, so I have to be careful in this area. If it can pop that resistance, it can probably do a lot of running.

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Maybe I Can Buy Some Gum

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