Wanting to take a look at long term trading on weekly daily type basis. Currently been in a long term trade with a demo account with gbp/chf since 12/6/06 and currently up 181 pips.
My target is based on hitting a lower high then the highs of the days listed below.
Target 1.3825
11/3 daily high 1.3868
11/5 daily high 1.3845
11/6 daily high 1.3840
11/7 daily high 1.3854
11/8 daily high 1.3805
11/9 daily high 1.3837
After looking at it closer realize it is a slow mover up down up down with much extremes. Looking at trades that will yeild around 200 pips are more a week. Taking into consideration the following.
Double Triple tops and bottoms
Trends
Retracements
News Reports
All strategy and input is appreciated.
My target is based on hitting a lower high then the highs of the days listed below.
Target 1.3825
11/3 daily high 1.3868
11/5 daily high 1.3845
11/6 daily high 1.3840
11/7 daily high 1.3854
11/8 daily high 1.3805
11/9 daily high 1.3837
After looking at it closer realize it is a slow mover up down up down with much extremes. Looking at trades that will yeild around 200 pips are more a week. Taking into consideration the following.
Double Triple tops and bottoms
Trends
Retracements
News Reports
All strategy and input is appreciated.