A 179 pip gain is neat. How did you determine your entry and exit points for the trade? Did you use any specific technical indicators or was it mainly based on the market’s recent all-time high?
It would be great to hear more about your strategy.
I use support, resistance, and Fibonacci retracement for additional confirmation. My charts are pretty clean.
I mark all major S&R price zones on my chart using a DAILY timeframe and then wait for the price to break a zone. My take profit target is the next key price level. I have to be patient, but I have found that the success rate is high.
When swing trading without leverage, I only enter LONG positions because indices typically go up, and I’m patient.
When trading with leverage, I sometimes hedge because swap fees can cost me money, even if I’m right.
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