Close - Stop reached: EURCHF trade closed as Stop Loss was hit, -29pips
Selling AUDNZD, 4HR timeframe. Entry 1.06391, TargetProfit 1.05870, StopLoss 1.07038 or exit when price hits 20EMA line. Trade is in trending down and should hit target of 50pips
Week Ending 24/10/2015 - Total trades 9, 1 Win and 6 losses. 2 trades currently still live. Pips made this week -314.
Hi Mrjtradefx, just curious on what’s your entry criteria?
Hi Geno88, my entry criteria consists of entering a trade during overbought and oversold levels using either RSI or StochRSI. This can only happen when the currency pair is trending which I use ADX to confirm this. Also a 200EMA to show that only trades that follow this should be taken
What’s a good thread. We’ll have more and more good thing from you.
Selling EURJPY, 4HR timeframe. Entry 131.890 TargetProfit 131.377 StopLoss 132.724 or exit when price hits 20EMA line. Trade is in a downtrend and look to go at least a further 50pips
Selling EURUSD, 4HR timeframe. Entry 1.08660 TargetProfit 1.08180 StopLoss 1.09290 or exit when price hits 20EMA line. Aim is around 50pips
With NFP tomorrow E/U is more likely to range pretty tightly around it’s current position which could leave you being stuck right in the middle when the news is due out. Probably not the best position to put yourself in. Not saying this is definitely what will happen but if I was playing the odds that would be my thinking.
Yes I see what you mean and you may well be right. However I think the trade may hit the 50pips as its not a large target.
Well it was always going to come down to the NFP release and then you’d win or lose in a few seconds. That hefty beat in the NFP numbers went your way and then some.
Selling EURCHF, 4HR timeframe. Entry 1.07882 TargetProfit 1.0739 StopLoss 1.08080 or exit when price hits 20EMA line. Trade target is around 50pips
Buy USDCHF 4HR timeframe. Entry 1.00849 TargetProfit 1.01330 StopLoss 1.00210 or exit when price hits 20EMA line. Trade target is around 50pips
Buying USDCHF, 4HR timeframe. Entry 1.01728 TargetProfit 1.02257 StopLoss 1.0111 or exit when price hits 20EMA line. Trade target is around 50pips
