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November 21, 2013 at 4:45 pm

Each trade in each currency will be based on opening 3 positions (3 units) with 2 positions having profit targets (P1 and P2) and the third position exit will be based on a trailing stop (for those who don’t know what trailing stop is I will explain later).

Once the P1 target is filled, the stop loss (SL) orders for the remaining 2 positions will be adjusted. If there is a logic level close to the break even point, I prefer to move these SL orders to break even points  but that’s not always the case.

Nov. 21, 2013
EURUSD
Buy 1.3478, Stop Loss (SL): 1.3443
   P1: 1.3492
   P2: 1.3508

November 21, 2013 at 4:28 pm

Nov. 21, 2013
USDCAD Buy 3 units @1.0471
   Profit Target #1 (P1): 1.0495 (filled)
   Profit Target #2 (P2): 1.0515 (filled)
   Profit Target #3 (P3): trailing stop based on a 30′ chart

November 21, 2013 at 4:23 pm
To illustrate my point, I am going to post trades in real time before they happen as well as try to post some useful information related to trading FOREX profitably part time.