Tuesday, January 29, 2013

USDCHF signal


USDCHF last day candle closed in the shadow of the previous day candles.


Put two pending orders. Then сonditionally divide each order into three parts.

BUY order

Entry price: 0.92924

1st part

Take profit: after 5 completed trading days
Stop loss: 0.92570
If Stop loss order fires then automatically put the same Sell order with the same Take profit

2nd part

Take profit: 5 days trailing stop
Stop loss: 0.92570
No need to put the same Sell order

3rd part

Take profit: 0.94062 (423.6 Fibo level)
Stop loss: 0.92570
If Stop loss order fires then automatically put the same Sell order with Take profit at 0.91432 (another 423.6 Fibo level)

SELL order

Entry price: 0.92570

1st part

Take profit: after 5 completed trading days
Stop loss: 0.92924
If Stop loss order fires then automatically put the same Buy order with the same Take profit

2nd part

Take profit: 5 days trailing stop
Stop loss: 0.92924
No need to put the same Buy order

3rd part

Take profit: 0.91432 (423.6 Fibo level)
Stop loss: 0.92924
If Stop loss order fires then automatically put the same Buy order with Take profit at 0.94062 (another 423.6 Fibo level)

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