This is an example of a trade entered at market with a Take Profit order in place, but no stop loss. 

Disclaimer: We do not recommend trading without proper risk management

 

The nice part of this result.. is that the trade worked and was closed by end of business on Friday.

Would you have gone short as price was moving up? Any other comments or observations?

 

 

I had a triangle formation drawn on a 4 hour chart.

This morning I noticed some momentum while price played back lower into the triangle.

I sold at market with a tight 10 pip take profit. I made sure to keep this ABOVE potential support, to be safe.

Actually the price moved more than 30 pips past my take profit (through the potential resistance.) This WILL happen and profit can be left on the table, which is fine.

At this time the Dollar Index was moving higher towards a potential resistance area

 

 

Made about 6 pips. It ran for about 40.