Monday 16 July 2012

S&P Observations & More Prep

Made some good progress over the weekend and have refined two of my currency strategies this evening which are now effectively ready to trade. Still  having issues with Java and IG Index compatibility so my charts are still not ready but i have been following the S&P this evening - I noticed a bearish engulfing candles form pretty much the minute i switched my computer on and thought i would set the exit and entry levels to see if 20 pips could be collected.

As you can see the price action eventually dropped to the target - but had this been a real trade I would have sctatched for break even when the bullish engulfing candle formed around the 1355 level


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