Isn’t a 7 pip trailing stop too close. I would think your trade would be over almost as quickly as it was triggered? I like the trade idea though!
Topgun
EDIT: I re-read your post and just realized your not trailing your stop until after the price hits your TP correct? I still think 7 pips would be a waste of time even trailing it but thats just me .
The pair had broke the 1.3400 and had a new high at 1.3411 which had hit our stop loss for yester.
We have -20 pips in our trade today.
I will be placing no trades today.
By placing no trades, u are also taking a position-- a safe position.
First bullish eur talk i’ve seen… for all the ‘chartist’ talk on the site no one seems to mention that eurusd has a nice upward channel (1hr) and has steadily moved up through each resistance point it has tested. We may be touching highs not seen for a long time and are used to periods of range trading but it’s dangerous to get anrchored - what happened to our friend named trend?
The pair had hit 1.3300 which i was expecting. A nice 30 pips. During the market the pair broke 1.3300 support level and went as low as 1.3289. Its attempt to break though 1.3000 was futile. Its went 1.3310 highs before dropping to even a lower 1.3286. I doubt the pair will break though the 1.3300. Wills sees how monday goes. Have a nice weekend folks!