Using a 100 pip take-profit

SwingPRO Trade Example

EURUSD | 2012/02/13 | 100 pips

Description: This break led to slow but methodical walk towards our 100 pip TP. (ref# 24)

Monday, February 13th 2012 @ 9:15 UTC - Trade Setup: We will look to get short on the rising support break (right blue line) with targets at 20/20/25/25 for 100 pips profit. We will tighten our SL considerably once the gap is closed.We will also stay on the lookout for falling trend resistance lines to get long off of resistance breaks.

Tuesday, February 14th 2012 @ 10:39 UTC - Result: 100 pips Our short was triggered yesterday at 13:49 UTC @ 1.3234 (when PRO email alerts went out). All targets were hit on the swing trade for 100 pips, as the support break slowly but surely continued down for most of the day on Eurozone credit downgrades.All and all it was a 220 pip day in PRO as GU hit all targets for 100 , UChf got to 50 (we closed at 10 though) and AU got 60 (we closed at 10 here as well). We did not trade UJ.

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