Plan is on the chart
Transaction en cours:
THE PLAN MAY TO CHANGE TO A MEDIUM OR LONG-TERM PLAN, if the @1.052 broke.
-This consolidation under the trend line does NOT look good for longs.
-I had longs opend between @1.07855 and @1.0649, they are all in negative, but with a wide SL @0.85.
-will try not to hedge this pair as a spike to the upside would come at any time.
-more long pending orders are spreaded all the way down to @0.93, so the more down it goes, the more profits on the long term.
The Strategy is to divide the lot size and spread it in a larger area, this will minimize the losses and get my profit/loss value slightly below the midway between the upper and lower orders. With risking max of 2% of account as an initial plan (initial SL was set @1.04), so if someting like this in EURUSD may happens, the risk may rise to 10% but this is an extereme sitiuation, as a spike to the new SL @0.85 difficult to come (but not impossible).
Anyway, I just hope it goes up in short term, as leaving opened orders just costs more money.
Good luck
-This consolidation under the trend line does NOT look good for longs.
-I had longs opend between @1.07855 and @1.0649, they are all in negative, but with a wide SL @0.85.
-will try not to hedge this pair as a spike to the upside would come at any time.
-more long pending orders are spreaded all the way down to @0.93, so the more down it goes, the more profits on the long term.
The Strategy is to divide the lot size and spread it in a larger area, this will minimize the losses and get my profit/loss value slightly below the midway between the upper and lower orders. With risking max of 2% of account as an initial plan (initial SL was set @1.04), so if someting like this in EURUSD may happens, the risk may rise to 10% but this is an extereme sitiuation, as a spike to the new SL @0.85 difficult to come (but not impossible).
Anyway, I just hope it goes up in short term, as leaving opened orders just costs more money.
Good luck
