Wednesday, November 26, 2014

Wednesday morning update

I put my take profit at the second area of resistance yesterday because it was a am area that price would likely turn around at.

Just this morning before waking up, the market hit the target for a profit of 122 pips.

Thursday is thanksgiving and probably not a good day to be in the market due to lower volumes possibly making it non directional and choppy, but if I'm home and in front of the charts I'll probably give the Martingale risk profile a go and double my risk with each loss.

As you can see in the following charts, resistance became support. This trade was a text book outcome and the markets are moving very nicely lately.






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