In previous blog, we mentioned we were going to get out at the S4 target due to a huge consolidation area between S4 and Entry 2. Yesterday, S4 was hit so our exisiting trade closed with a 119 PIP profit. Now, a new trade is setup for us with a entry at 1.5078. Notice how close we got to this Entry 2 value yesterday but did not make it. It stopped at 1.5084. This shows that our Entry 2 is at a good value. If the bears win, price will hit 1.5078. This is the first time we are using this currency pair and it is turning out well. Don’t you love the Forex market.
For EDUCATIONAL USE. Commodity Futures Trading Commission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose .