So the trade method I used above worked out, almost got stopped on the GBPUSD, only 5 pips away. Anway, saw a rapid ascent as the price was coming back in line, so put in an additional "snipe" for 10pip. End up with 31pips + 10.
Had a EURUSD using the same logic that pulled 50pips. (no snipes though)
Also still open is a USDJPY (Short) that is +125 pips with a 25 trailing stop
Finally usdchf short that closed with +46pips.
So not a bad night, pulled in 41+50+46+100(or more) for a total of 237 pips. Because of MM and not risking more than 4%, some were full lots, others were .5's on a 10k account.
So now my question is, do you think what I did was sound trading or was I lucky? At this point, until I repeat many times I feel it was luck, but wanted to know if I am in the right direction.
Last edited by husky_1; 12-11-2008 at 11:55 PM.
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