Hello all,
Here’s the most recent trade I’ve entered:
NZD/USD SHORT @ .7354
I entered this trade because:
All RSI’s and Stochs at exhaustion levels
EMA’s show “pip room” on 4h and 8h charts for a short
I tend to get in too early on these, but by design I “ease” into the position up to 3 times.
Drawdowns are almost expected in these plays and I’ll ease more into this position if that happens (trade must go against my 20 pips + spread and still suggest a short entry for me to add to position)
I plan on exiting this trade when one of the following happens:
1. 15 pip profit reached
2. 30M stoch reaches 20
OPEN POSISTIONS (Including above trades):
NZD/USD SHORT @ .7354
CLOSED POSISTIONS (for week of May 27)
USD/JPY SHORT @ 121.58, CLOSED @ 121.48 (+10 pips)
EUR/USD LONG @ 1.3428, CLOSED @ 1.3432 (+4 pips)
(From left to right: 15M, 30M, 1HR, 2HR, 4HR, 8HR)
Here’s the most recent trade I’ve entered:
NZD/USD SHORT @ .7354
I entered this trade because:
All RSI’s and Stochs at exhaustion levels
EMA’s show “pip room” on 4h and 8h charts for a short
I tend to get in too early on these, but by design I “ease” into the position up to 3 times.
Drawdowns are almost expected in these plays and I’ll ease more into this position if that happens (trade must go against my 20 pips + spread and still suggest a short entry for me to add to position)
I plan on exiting this trade when one of the following happens:
1. 15 pip profit reached
2. 30M stoch reaches 20
OPEN POSISTIONS (Including above trades):
NZD/USD SHORT @ .7354
CLOSED POSISTIONS (for week of May 27)
USD/JPY SHORT @ 121.58, CLOSED @ 121.48 (+10 pips)
EUR/USD LONG @ 1.3428, CLOSED @ 1.3432 (+4 pips)
(From left to right: 15M, 30M, 1HR, 2HR, 4HR, 8HR)