Wednesday, November 12, 2008

Scout Order


I just put an scout order on Eur hourly..I got a pinbar and a pitchfork setup but overall on bigger timeframe there is a big chance that the price will go north.That's why I said this is a scout order with a small lot and 2:1 ratio.If the price turn and go north, it's fine but if the price keep dropping then I'll add another 0.5 lot.I will trail this order with 40 trailing stop.Ok folks happy pipping.


UPDATE:Just close my order with 80 pips profit.Have to go to meet a friend and probably wont be back till the asian market the next day so cheers all.Below is the picture of the Eur chart after I enter couple hours ago.I did down for 98 pips from my entry but only manage to catch 80 pips profit.


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