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BUY eurusd 1.3287 stop 1.3275
target 1.3300

Right at an hourly support line. If it bounces it will gravitate back to the 00 number.

Peter
 
Anyone like this philosophy ?

make the trade, put on stop and limit and then walk away for 10 minutes !

Come back after 10 mins to see what happened.

It certainly stops me from grabbing profits too soon.
 
eurusd still hovering around the support zone. If it breaks below 1.3270 it could fall another 20-30 pips before the next support.

Peter
 
Anyone like this philosophy ?

make the trade, put on stop and limit and then walk away for 10 minutes !

Come back after 10 mins to see what happened.

It certainly stops me from grabbing profits too soon.

Yes. I do this occasionally when I know I am on the right side of the move, can see a high probability of a 8+ tick target and know that if I sit there watching it, I will probably take money off the table prematurely. Normally go and make a coffee or something.
 
Stopped out -10

Kicking myself. That was a poor trade for a few reasons.
a) Important US data out in just over an hour - shouldn't have taken any trade.
b) Price broke below the line just enough to tempt me in, so I entered early and I should have known better.

Mistakes are costly.

Peter
 
Very interested in seeing this.

Hey Robster

I think we may have something brewing on the ES now prior to the US open. I would want to see it go sharply down to 1395.75 from here. If it does I think I will take as short down to 1394.75 for a high probability manipulation scalp. Lets see if it turns.
 
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