https://dl.dropbox.com/u/5156645/EUR...ust%202012.png
I missed the perfect entry on this trade because of work but it still resulted in a nice 43 pip gain
Reasons for trade:
I missed the perfect entry on this trade because of work but it still resulted in a nice 43 pip gain
Reasons for trade:
- Price crossed through the moving average with the majority of the candle body being above the moving average. I could have entered just there, but I missed it.
- Price broke through the Coral, which made me enter even though I missed the first sign.
- Both Trix were green and the fast one was above the slow one.
- Stochiastics were green and pointing upwards with some room to go.
I exited manually because price started stalling and I wanted to go to the pub. That decision saved me about 8 pips.
Overall not bad. I have to learn to time entries after missing initial signs due to work commitments. I will also start testing a new automatic stop loss that sets the stop loss to the high/low point of the previous candles candle body (NOT the wick!). Well see how that goes. On one hand it might kick me out of the trade too much, on the other it might result in larger winners.