Forex Trading

Normally i dont do 'take profits' cos i believe that you let em run.

however this move is a bit off from the norm so i'm placing a take profit at 1.0700.

Reason ive chosen that level is from the september lows - there is almost bound to be a bounce back retrace there and then i'll be looking to get back in.

That will be yet another 1000+ pip trade though - see what i mean about waiting your time. its currently at 1.0800 at +960 pips and i dont normally visit the blog at this time of day, but i thought i'd post the take profit decided upon so no nobhead can say 'yes, its easy in hindsight' when in fact it's easy no matter what!

catch you in the morn