Back In The Trade Short
Fri, Aug 16 2013 02:28 | british pound, currency trading, swingtrade, trading education, trading school
I am back in the pound trade short. I entered on todays red bar and have set my initial stop at 1.5700 even. This time I will use a slightly different profit taking strategy since last time I just left 5k on the table because I was greedy and waited until I got stopped out with a small loss by trying to chase a huge win all the way to the first orange profit pivot line. As pricing reaches the upper keltner, the ceiling profit pivot line, the middle keltner, the lower keltner, and finally the lower profit line I will take some of the trade off the table so I dont leave empty handed again. I am starting short 10 contract.