New trade

One of the new techniques I am learning about centers around the use of the 4 hour charts as the main impetus behind certain trades. Scalping works, but, for a while I am going to try trading with a longer term in mind...which is the new system I am being taught now.

It is very different...requires a lot of waiting...but seems less stressful and more lucrative. Risk/Reward ratio is a big part of this technique...the lower the decimal, the more worthwhile the trade. (More on that later.)

So here is one trade I have made (clicking on the charts give you clearer views):

Shorted 1 lot EUR/GBP @ 0.86725. S/L = 0.8732
First Target 0.8623 (will cover half.)
Second Target 0.8573 and will move stop to breakeven.