My trade action for today:
Short 1.6183 SL 1.6220 (-40) TG 1.6020 (+160)
Intraday Forecast
expect a little pull back to form 1/3 retracement (1.62 region) fulfill initial shadow, and continue to fall for the day.
current support 1.6100, next support 1.5999 (lets simplify - 1.6000).
Upon breaking below 1.6100, I will consider to add short.
Profit Pyramiding
Adding another short position is tricky! Tuesday I am sitting for 250 pips, but my 2nd attempt, 3rd attempt, 4th attempt to short were triggered with losses. :-P
that means my nett profit is only 250-40-40-40 = 130 pips...
and yesterday without profit pyramiding clean profit 100 pips...
I still need to work very hard into this, may be seek master advise tonight at ProMaster gathering?
Who will be there?
There is normally just one entry point per trend. Why not be sure of the entry point and just enter all in one point rather than pyramiding?
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