By mike on April 18, 2010
http://www.forexnaija.com/?p=1139
we advice dat stop be moved to break even on this particular trade. and for those that missed out on this initial move, we advice that we watch price action as explained in detailed below.
wait for price to break the trendline and dip a little below 9319. Sell limit order can be placed 9360, stop at 9410 and target at 9286
Posted in Closed Trades
My name is Fowope A. Mike, a mathematician and teacher, who has worked in one of the leading banks in Nigeria for 8 years. I started trading the Forex two and half years ago. I am a chartist, who vehemently believes in 'Trading what you see on the chart'. My trading concept is looking for convergences at important levels. I employ harmonic patterns, multi time frame analysis, trendlines and fibonacci retracements as my trading tools. I am a contributing editor for currency market column of stock watch magazine in Nigeria.
