Hello,
User, this wasn't the first trade... I've thrown away a lot of dough on various ideas about when breakouts would occur. I'm still a beginner though. Also, stilll think 1.30 will happen, though maybe not without another big (100pt?) correction.
Buk, yeah, I entered because the level seemed a bit higher than it was last night. And also, I didn't have time to wait before going to work!
Where do you guys get the critical levels from? Just eyeballing the chart?
Lastly, how far out do you put your stops? Before the figure, I had a closing stop at 1.2603 and a doubling stop at 1.2625. What do you guys think? I suppose I could have placed them closer, but then there the risk of them both getting triggered.
After today, do you guys think cable is more risky (than eur$ or $yen)? There's not as far up to the 1.90 level as there is to 1.29 or 106.