Here are some things to think about for this trade.

in the last 10 trades it has reversed 9 out 10.

The initial spike:

00-10 * 1 Time

11-20 * 4 Times

21-30 * 5 Times

31-++ * 0 Times

The Total move:

00-10 * 0 Times

11-20 * 1 Time

21-30 * 4 Times

31-++ * 5 Times

There were 3 Whipsaws with an average candle of 20 pips

The 9 reversals generally all started after 10 minutes into the trade

and averaged 38 pips from the extreme of the original move.

My strategy... a close entry - 10 pips from price action, with a 15 pip stop and a 15 pip limit. This way if it goes 25-30 I will be ok.

Then I will watch for a reversal and try to market order for another 10 or so.

DC

in the last 10 trades it has reversed 9 out 10.

The initial spike:

00-10 * 1 Time

11-20 * 4 Times

21-30 * 5 Times

31-++ * 0 Times

The Total move:

00-10 * 0 Times

11-20 * 1 Time

21-30 * 4 Times

31-++ * 5 Times

There were 3 Whipsaws with an average candle of 20 pips

The 9 reversals generally all started after 10 minutes into the trade

and averaged 38 pips from the extreme of the original move.

My strategy... a close entry - 10 pips from price action, with a 15 pip stop and a 15 pip limit. This way if it goes 25-30 I will be ok.

Then I will watch for a reversal and try to market order for another 10 or so.

DC

"There is MORE Happiness in giving than receiving"