1 Hour euraud chart
- #31
- May 13, 2014 11:14pm May 13, 2014 11:14pm
Example of a 6 pip loss. Tape turn gray and was looking for an exit strategy. Couldn't find a entry short on the euro pairs after news unless smaller trigger was used. total for the night was 0 pips.
I have returned to answer any questions and to review my trades after a hectic week working. I executed two trades tonight 1 profitable and 1 loss according to the rules in post 1 however I did make a change to the alerts 1111 and 11111 and the daily will just be used as reference. I have come to the conclusion I need more trades and the 4 hour and Daily should help with trend recognition to stay away from chop being many of the traders downfall. Keeping losses to a minimum so with a positive RR achieving a 50% hit rate should be extremely profitable.
Trade #1 EURAUD 30 pip profit.
Trade #1 EURAUD 30 pip profit.
- #38
- Edited 6:06am May 19, 2014 5:26am | Edited 6:06am
I lied this is my last trade. Normally I Wouldn't take this risk since it triggered at R1. I have an 8 pip risk and exit early if needed with a 20 pip profit target very close to R2.
Since I am positive 38 for the night and the RR is positive I am always game for a new trade.
Update: Ok that was dumb but worth the risk. -4 pips. More then likely should have just held. Now its really time to sleep. I am unsure if any of these posts are helping anyone but Just showing another successful way to trade.
Since I am positive 38 for the night and the RR is positive I am always game for a new trade.
Update: Ok that was dumb but worth the risk. -4 pips. More then likely should have just held. Now its really time to sleep. I am unsure if any of these posts are helping anyone but Just showing another successful way to trade.