moneybookers@china

I will post my trade & idea from today for review and improvement purpose.Still new in forex and still learning.

cash balance:$3500
Position: 50k GU [email protected] Targeting 18020/18040

H4 chart show strong support @192.60,look for possible 23.6% retracement till 197.60-197.90

GU still look down side.


support:
1.7472 FB 100％ extension 21159－19400
1.7261 S/R
1.7018 last swing low & 61.8% RT of former weekly wing

RE:
1.7865(H1 level S/R)
1.8000(18028 200Hr MA/32.8% RE 18019@18795-17539)
1.8130(Gap)
1.8327(32.8% RE 18315@18795-17539)
1.8500

EU down trend, mid term target 13839(50%)-13320(61.8%)

short term S/R

S:4193/4015/3840
R:4350-4360/4581/4660/4900

-trading your plan & plan your trading.
-Never chasing a trade with large leverage.For me 0.5 standard lot maxim.



Next week plan: short EU/GU on rally
EU:14230-40/14325-14350/14470
GU:17980/18130/18239


current account balance:16.5k
next week target:17.5k

levels to watch next week

au
S:8177/8130/8100/8033/7980
R:8240/8300/8350/8390/8500

S:4145/4060/3970/3880
R:4230/4345/4430/4543

s:7860/7784/7680/7540/7480
R:8000/8077/8135/8240/8290

HS formation