The 4th Horseman
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- 28
It's been a very uneventful day for my two open positions.
NZDCAD made a slight move lower and was enough to protect it.
GBPNZD has been very stagnant today but no losing trades so that's good.
Two trades added this evening at the daily candle close, AUDCAD and NZDUSD.
These were entered on the daily chart so I will continue to use the daily and wait for an exit signal.
These daily trades may take quite some time to finish but as long as I can protect them I can look for more.
I use a lot size of 0.35 on Daily chart trades as the stops are wider than the 4H typically is.
Daily charts have bigger targets.
Also I can easily see what type of trade they are by simply looking at the lot size; 0.5L = 4H, 0.35L = Daily.
NZDCAD made a slight move lower and was enough to protect it.
GBPNZD has been very stagnant today but no losing trades so that's good.
Two trades added this evening at the daily candle close, AUDCAD and NZDUSD.
These were entered on the daily chart so I will continue to use the daily and wait for an exit signal.
These daily trades may take quite some time to finish but as long as I can protect them I can look for more.
I use a lot size of 0.35 on Daily chart trades as the stops are wider than the 4H typically is.
Daily charts have bigger targets.
Also I can easily see what type of trade they are by simply looking at the lot size; 0.5L = 4H, 0.35L = Daily.