- 12 August 2013 10:55 AM GMT
The level of 1.3345 was hit during the last hour of Friday's London session.
Day traders following my 15 minute candle entry strategy would not have entered a trade.
Traders who set a buy limit order for 1.3345 with a stop loss at 1.3302 will have an open trade showing a loss. They should be prepared to take 85% (an increase from 75%) of the position as profit at 1.3395.
Traders who chose to close out the position at the end of Friday's session rather than hold it over the weekend should have broken even, or perhaps suffered a loss of only 1 or 2 pips.
The position as at the time of writing is shown below:
No comments:
Post a Comment