Friday, April 29, 2016

Successful: Long EURUSD

This one looks like a classic setup.There was a move on the uptrend and we have to wait patiently for it to come down to our area then set a buy limit for it to hit it and then exit when its 11pm.

Trading Plan:
1. Trade with the trend
2. Trade when there is a price action reversal with the trend continuation
3. Place SL on previous high/low candle (Limit my loss)
4. No TP. Let market decide when to exit (Let my profit run)

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