Update Trading Plan NZDCAD 21/09/2016
It was a lucky day for me to have no
Stop Loss! What? No
Stop Loss? It was an inappropriate move as a
discipline forex trader. So, what happened during the opening market on Monday?
Let's have a look at my
JUSTFOREX chart :
It was not a smart move, but I am lucky to hold the position without any
Margin Call incident.
The
Fibonacci has been changed from the previous chart. This will make our target of Take Profit change to a new one.
I will try to close manually after the next H4 candlestick will show the
bullish pattern.
It is a risky move, but I hope it won't break any of my worst case scenario target.
Selling Limit were remain unchanged since orders have been validate by the market. Changes only made to TP level only.
| No |
Entry |
TP1 |
TP2 |
TP3 |
| 1 |
0.96574 |
0.96313 |
0.95681 |
0.94663 |
| 2 |
0.96509 |
| 3 |
0.96446 |
| 4 |
0.96366 |
| 5 |
0.96302 |
| 6 |
0.96146 |
| 7 |
0.96094 |
TAKE PROFITYou have to determine your own
STOP LOSS.
Don't be too depending on my
TAKE PROFIT level. It may varies with your expectation. I will normally target for TP1. For this trading, I am opting for TP2.
DISCLAIMER
My trading plan maybe won't suit to your trading style. Author won't be responsible for any damages / losses to your forex trading account. If you insist and still want to follow this trading plan, TRADE AT YOUR OWN RISK.
**Please use
JUSTFOREX broker for similarity on entry levels provided.
