Trend formed:
Current price @ 1.0453. d1 trend is still down. and two limit sell positions that we put here untouched. therefore, we sell limit further sliding down again.
Position For Order:
Position 1 ==> sell limit @1.0471
Position 2 ==> sell limit @ 1.0504
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.
Note:
Always slide the buy / sell limit follow the movement of sma or ema.
And remember, always disciplined and follow the rules.
Image link:
http://i1123.photobucket.com/albums/...0115-33-23.png