My 10 sec setup (see labels) gave 6,5 pips. Trade closed too early, because previous trend was also up (price resumed his move up), so the trade long was relatively safe.
Monday, April 21, 2008
Reversal setup
My 10 sec setup (see labels) gave 6,5 pips. Trade closed too early, because previous trend was also up (price resumed his move up), so the trade long was relatively safe.
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Trading with reversal setup can be seriously dangerous, so that’s why one has to be careful in not attempting this all the time, it might be profitable, but it can be dangerous too especially for new comers, I am currently using cTrader platform, so that really help me in analyzing things better and spotting reversal opportunities, so that makes trading so much easier and this is provided by 9 times award winning company OctaFX and that too includes some of the most prestigious ones like Best ECN broker.
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