I had this easy long trade and 7,7 pips on the European session. I missed re-enties at yellow group support /rejection. These yellow lines (MAs) are very powerfull on a strong trend or correction.
Thursday, July 10, 2008
Support / Resistance
I had this easy long trade and 7,7 pips on the European session. I missed re-enties at yellow group support /rejection. These yellow lines (MAs) are very powerfull on a strong trend or correction.
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1 comment:
Trading with support and resistance level can be seriously good, but at the same time experience and good stop loss is vital in this, it’s okay if we get some trades wrong, but only if we have good stop loss, as R/S method is all about taking profits far and stopping losses at minimum, so that’s the best way we will find success. I trade with OctaFX broker where I get excellent benefits in shape of low spread at just 0.2 pips, so that’s why I am able to set these things nicely.
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