Tuesday, February 5, 2013

EURGBP punch signal

TRACKING

5 February 2013. SELL order triggered at 0.8567.

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EURGBP last day candle closed in the shadow of the previous day candle.


Put six pending orders. Three BUY orders and three SELL orders.

BUY orders

Entry price: 0.8705

1st order

Take profit: after 5 completed trading days
Stop loss: 0.8567
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: 0.8567
No need to put the same Sell order

3rd part

Take profit: 0.9144 (423.6 Fibo level)
Stop loss: 0.8567
If Stop loss order fires then automatically put the same Sell order with Take profit at 0.8128 (another 423.6 Fibo level)

SELL order

Entry price: 0.8567

1st part

Take profit: after 5 completed trading days
Stop loss: 0.8705
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: 0.8705
No need to put the same Buy order

3rd part

Take profit: 0.8128 (423.6 Fibo level)
Stop loss: 0.8705
If Stop loss order fires then automatically put the same Buy order with Take profit at 0.9144 (another 423.6 Fibo level)

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