Thread: Forecasting
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Old 08-31-2006, 02:48 PM
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gazuz gazuz is offline
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i just put a Buy Limit at 1.2285 (by assuming the market will go back down after a market move up like that) with the USDCHF

Buy Limit at 1.2300
Take Profit at 1.2400
Stop Loss at 1.2175

profit of 100 pips, loss of 125 pips

And just in case it goes the wrong direction to begin with

Buy Limit 1.2255
Take Profit at 1.2375
Stop Loss at 1.2165

Profit of 120 pips or loss of 90 pips

Now this could make me a lot of pips or hurt me a lot, I put a time limit to cancel the sell limit order if it doesnt happen within the next 24 hours and I'll just see over the weekend
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