Split your position size in equal sized parts, and enter longs gradually against the Euro. The EURUSD pair is the one most people trade, so, it'd be an EURUSD short, but I wanted to show people how the uptrend in the dollar/euro cross looks to prevent biases.
We have 5 days without a new high, and a new low under the previous 3 days' range. This is a good excuse to start entering longs againt the Euro here. You can enter 0.03 lots, per every 10k in your account, gradually, and ramp it up if it drops a bit more, as long as it doesn't drop too much (more than a 229 pips climb in EURUSD).
Once we're in profit we can start adding and tightening stop losses. For now, I'm not using stops, simply adding gradually, for as long as the trade remains valid.
Good luck,
Ivan Labrie.
We have 5 days without a new high, and a new low under the previous 3 days' range. This is a good excuse to start entering longs againt the Euro here. You can enter 0.03 lots, per every 10k in your account, gradually, and ramp it up if it drops a bit more, as long as it doesn't drop too much (more than a 229 pips climb in EURUSD).
Once we're in profit we can start adding and tightening stop losses. For now, I'm not using stops, simply adding gradually, for as long as the trade remains valid.
Good luck,
Ivan Labrie.
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Good progress for now.
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Yep.
Yep.
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Hold, acting well.
Hold, acting well.
