I've entered a EUR/USD long at 1.3316 with a stop of 1.3292.
I'm thinking that I'd rather wait and see how the market acts instead of just setting an entry stop.
Should it look like it's going up I'll add at least one entry stop. I need to look at this pair a little more before I start adding limits as well. Seems there can be some long hall trends.
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Wed update 8am:
Just when I think I'm starting to get a handle on all of this, I realize that I don't.
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EUR/USD long 1.3316 stopped out. Loss of $24
Note on EUR/USD: Don't open a long over a red (short) cloud or a short under a long (blue) cloud.
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