Thursday, November 20, 2008

Hairy top

Today I knew where is my stop. It was just above the high. I entered the trade because of those hairy 5min candles which showed resistance to the upside. With small risk of ten half size pips I gain in the end 2R.
I exit at that point because 515 level was before in the morning resistance and than support figure. I even thought of adding one more trade if it brake it strong on the downside at that price. When it started coming back I took my profit.
+10 full size pips

4 comments:

ORION MACHINE said...

Nice nice nice, now lets keep those losers smaller than the winners and we are on to something!

Darin said...

good trade

StockHunter said...

Nice! *thumbs up*

FX said...

Thanks people, thanks! I really do have quite a support here.