After about two days, this trade has managed to make about 170 pips which just means that it's a really nice return. Also, the indicators are showing that there is still more potential movement. I really love these types of trades, and I hope to make these often enough.
I'm basically looking at trading when it bounces off a resistance or support level. Also, I'm testing out my aggressive entry strategy as well. It looks like as long as the spread is decent enough, I could probably end up scaling all my trades to accommodate about 2-5% of my funds at a time while entering all the different currencies. It's because I'm trading with the daily chart and noticing the moves are big enough to profit while doing this strategy.
