SwingTrader1
Recruit
- Messages
- 16
This months non farm payrolls look horrible for the US
What does this mean? I don't know, thats the short answer.
The long answer is (just my opinion) I think the EUR/USD will go up.
What I am loking for is an entry to go long at;
1) buy at 1.2170 stop of 25 pips limit is your choice Im out after 100 pips unless I am at my monitor then I may adjust my stop loss.
2) buy at 1.2100 stop of 25 pips limit 100 pips. If you happen to be in front of your monitor adjust your stop loss and ride it up
3) buy at 1.2015 stop of 25 pips limit 100 pips.
Note stop does not include spread you need to do that. I pay 3 pips on the EUR/USD so my stop is 28 pips total.
This is just one traders opinion.
What does this mean? I don't know, thats the short answer.
The long answer is (just my opinion) I think the EUR/USD will go up.
What I am loking for is an entry to go long at;
1) buy at 1.2170 stop of 25 pips limit is your choice Im out after 100 pips unless I am at my monitor then I may adjust my stop loss.
2) buy at 1.2100 stop of 25 pips limit 100 pips. If you happen to be in front of your monitor adjust your stop loss and ride it up
3) buy at 1.2015 stop of 25 pips limit 100 pips.
Note stop does not include spread you need to do that. I pay 3 pips on the EUR/USD so my stop is 28 pips total.
This is just one traders opinion.
Last edited: