This looks like perfect setup for my breakout trade. Price moves in a narrow range and that has to change at some time... and we will just wait:) Of course if it doesn't work out we won't cry...
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My forex trading diary... My goal is to make several thousands USD from less than 200 USD in one year
If you had done this setup on the cable this morning you would've had a 100 pip profit and going...
ReplyDeleteLooks like it's cooking up nicely on usd/jpy though - where will you take profit?
As per 1 miute daily rules the morning range was wider than you probably think. So yes, I am in the trade on cable, up about 60 pips (which is irrelevant though, because I don't look at pips but % of my account)... but still about 55 pips to go:)
ReplyDeleteUSDJPY worked nice:) will post a chart