Trend formed:
Current price 1.3341. longstanding trend down, I'm afraid to open the instant position, because any time the price trend may change UP. therefore, I put a sell limit some distance away, make it more secure.
Position For Order:
Position 1 ==> sell limit @1.3487
Position 2 ==> sell limit @1.3575
Position 3 ==> -
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, 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/...1116-35-36.png