Probably not I entirely the thing I am fond of doing on today’s trade. The reason was that my internet connection got really pissed and keep on disconnected from time to time. I didn’t produce a Pending order because the criteria of the trade was a less than 7 and it is entirely base on the point and figure bottom price of a strong rally.
Considering it as the point of origin, I manage to pull it off when the price drops massively at 100 pips. But from my though that I would rather buy the EURO at 1.3280 since its where the buy order was clustered.
And so it did.
AS soon as it was filled, the price bounce off sharply. Again at this stage, the price rally significantly but due to my technical circumstances, I exit the trade at 1.3301 because I was worried my internet connection disconnected.
so I end up 20 pip which could have been a 60 pip. The 1.3340 was my prefer target in fact.
Why I buy at 1.3280, It was reported that the BUY orders was clustered within that confine price. Meaning there is a Demand.
What did I d o best ?
Exit early due to technical problems on my end , because the internet was taking a piss here!
What should improve or change ?
A New ISP or someone qualified on how to set up a proper Internet.
What’s next ?
awaiting for the EURO range to breakout.