I wanted to document this trade I took today on
EUR/JPY, it just illustrates the precarious nature
of trading IMO.
There is an inside bar (IB) & the stochs have just
turned but just above 20, also the candle is in the
middle of the bollinger bands, there is also a minor
resistance line at 165.40ish.
I decided to take the trade at 165.31, with a S/L
at 165.16, T/P is normally +45 pips.
What I am trying to emphasise is how close to my
S/L this trade came, within 2 pips. As you can see
it went on to gain +78 pips, but however much we
plan sometimes.........
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(wish I had gone for EY as well!!)
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Wish I had gone for G/Y as well. :lol: