Well you never know anything. That's why it's critical to follow some rules and respect them, to stay cool anytime
I saw EUR/USD yesterday, it was tricky and some people got fried. It's part of the game. BUT who has 0 spread on EUR/USD got his profit
Now, back to today's trade.
Today was a great day for trading. Either if you traded CAD/JPY or GBP/JPY was a great day.
Here is the trade for today:
So, what do we have here ? It's called CAD/JPY. The pair that helped me discover this strategy.
Here is the trade:
3.00 GMT: Price breaks the Regression Channel
6.00 GMT: The 2 EMAs cross and same time break the TL
7.30: MACD turns down, W%R stays above -80 level
Perfect Setup !
Entry: SELL @ 105.42 w/ 1 lot
Spread: 2 pips
SL: 105.42 + 10 pips + 2 spread = 105.54
Target: Reached in 10 minutes
Success !
Profit: 10 pips x 1 lot x $10 per pip = $100
That's all for today.
Happy PIPpin' !