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Price Action TradingDESCRIPTION
Trade Forex and Stocks by learning to Read Price Action. Monday, 21 November 2011. GBPUSD Short entered on downtrend PIN. Update Profit target was hit, 139 pips banked. Showed a possible down move on cable, so I entered short below the low of the pin. I have trailed the stop down to entry and now below entry with a few pips of secured pips if the market decides to rally back to test resistance. On fig below is GBPUSD with green line as my entry and red lines as stop and profit taking target. Enter short.CONTENT
This web page tojomulali.blogspot.com states the following, "Trade Forex and Stocks by learning to Read Price Action." We saw that the webpage said " Monday, 21 November 2011." It also said " GBPUSD Short entered on downtrend PIN. Update Profit target was hit, 139 pips banked. Showed a possible down move on cable, so I entered short below the low of the pin. I have trailed the stop down to entry and now below entry with a few pips of secured pips if the market decides to rally back to test resistance. On fig below is GBPUSD with green line as my entry and red lines as stop and profit taking target."