Quote: (02-15-2012 11:10 AM)Entropy Wrote:
EUR/CAD long position at 1.3022. Yes, i know, i said i was done for the day after the successful AUD/JPY short...but i just saw this a few minutes ago...and i just couldnt pass it up...i took a long position in it immediately. We will see how it goes. Annotated chart attached below.
1ST UPDATE: Price has moved bullishly up by +36 pips in profit to the B/E point...which means the SL has been readjusted from -25pips to +5pips to protect against any retracement. TP is still 1.3190. The trade is in set-and-forget mode...that is, worst case scenario i will make +5pips profit...best case scenario i will make +168 pips in profit to give a 6.72R on risk.
original setup chart here.
update chart attached below: