Tuesday, October 28, 2014

1161 - Following up on previous Daily trade


From the previous post, I mentioned about one of my Daily trade.
It is has earned a lot for me.
But I currently still have 1 lot remaining.

This post is about where I reset my Stop Loss.
I set it somewhere around my entry point.
The reason?
There is actually a support zone a little above it, if you look around June.
I guess this is what Conrad Lim might be talking about.
Defensive trading.
Whatever happens, I lock in some profit.
It also has enough space to take some retracements.

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