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Stalking

Written by Hugh, on September 24th, 2008

…a trade.  GBP/JPY limit sell 1 @ 9725, Stop @ 9751, Target @ 9521

That’s almost a 10 to 1 reward to risk ratio.

Reasons:

  • Price hitting daily highs, forming triple top.
  • MACD Dive on 1H chart.
  • R2 resistance on pivots.
  • Target is just above M2 on the pivots.



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This post was written by . His goal is to become a professional trader.