My views on future trades, past trades, the market and lessons learnt

Thursday, May 15, 2008

EJ scalp

This is a typical setup we take.
 
It was a easy 20 pip trade with the added bonus of that we got to add to the position. Note that this is NOT the same as averaging in which is what we do not recommend. The 2nd entry is always on the retest of the broken trend. Never go in heavy on the first position so you can save some lots for the 2nd entry.

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