A textbook breakout here, after a long range. Entry was positioned just outside the range using a limit order and a tight stop, because the range could continue ad aeternam. Exit below the first red bar.
Friday, October 2, 2009
Breakout
A textbook breakout here, after a long range. Entry was positioned just outside the range using a limit order and a tight stop, because the range could continue ad aeternam. Exit below the first red bar.
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We should always trade when we feel confident and there is certain movement, it’s too risky to go on gambling mode just for sake of few pips, I trade with OctaFX broker where they help me to no end and that’s especially to do with their conditions which include having low spreads from 0.1 pips to high leverage up to 1.500 plus there is also cTrader platform, it’s all terrific and helps in every way to trade with comfort and ease.
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