Thursday, November 8, 2007

Study to get in , set P/T and S/L



EUR/USD 30min chart
I set an order like above. The K trend is up, So I want to buy EUR, and now it is swing between 1.468 and 1.462.
In the beginning,I thought there will be two trends which will make me buy EUR:
first is above ,the trend will break through 1.467(lastest high) then going up. So I set 1.468.
If not follow my mind, and drop blew 1.645, I will stop loss.
second is, the trend drop down first , stop above the yellow line, then go up, and I will cance the the first one ,set another order.

It's a pity I should go back home, can not monitor it anymore.
Thanks Gavin's online support, good luck!

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