Thursday, January 22, 2009

Plan the trade and trade the plan

Time to put what I have learned to more use and record all my trades. Time to be a sniper and not a mg gunner and hope my bullets kill the target. Here is the setup. I am still waiting for the price price action to enter.

Still waiting for the pullback to the 70 region after which if 70 is tested I will set a sell stop at 50 and hope it carries thru with a stop loss 10 pips above the resistance level.

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