Thursday, August 14, 2014

816 - closed my previous trade, entered new one


Long pin, at resistance zone. Could be a signal for strong rejection.

For every chart I look at, I seem to me communicating with myself.
The voices below

  1. Support/resistance
  2. Look for strong candle actions (pins, engulfing)
  3. High probability of an outcome
I have added another lot, so I have 2 lots. Easier to make decision when to take profit by closing one. But the ideal is 3 lots.

I am now able to play more lots, as I have a shorter time frame. So if I lose both trades, I lost 20 pips each.


Also added a limit stop for one of the lot. Just before the next support zone.

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