Tuesday, October 11, 2011

A better entry

As I wrote in the previous post, entering at the resistance and going for the breakout is dangerous for my approach. Today I entered at the local temporary roof, as price was doing little HHs and HLs and could move up. Price moved back, just 1 pip above my stop... (and the doctor told me : no stress!..).  Then price reversed and I had some gains. A better entry is pointed by the arrow, on the MA.

4 comments:

Anonymous said...

Yassou Constantino,

I hope you recover from ill health soon..
Take good care of yourself..

best wishes.. :)
K Singh..

Anonymous said...

Hope you will be able to trade and post soon. :)

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Jiya said...

I definitely believe that right entry makes huge difference and if we really wish to be successful then we got to have right entry in order to really gain. I trade with OctaFX broker where I am entirely relaxed and comfortable with the entry and that’s through low spreads from 0.1 pips to high leverage up to 1.500 while there is also gigantic deposit bonus which is up to 50% and is use able too, so that gives me great strength and makes me comfortable.