ADX just shown a bent line signaling an end of the trend and also our signal to bank the profit. But what I did is moved my stoploss line just above the high of 26-Jul-2013 bar. I am planning to trail my stoploss as long as I got time to monitor the price movement at lower time frame.
UPDATE
Stoploss just hit giving me 66.2 pips profit! Earlier this day it was more that 100+ pips but since there is no clear signal of end of trend, I did not close my trade. My next step will be looking for a long entry if this is going for a bullish trend.
UPDATE
Stoploss just hit giving me 66.2 pips profit! Earlier this day it was more that 100+ pips but since there is no clear signal of end of trend, I did not close my trade. My next step will be looking for a long entry if this is going for a bullish trend.
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