Hi everyone i will be trading eur/usd for 50 pips everyday with a stop loss on 40 pips the stratergy used is simply price action and will be posting everyday what we post in our group today to start my journal here herea todays post but from tomorrow i will be posting first thing in morning so you can follow on demo if you wish
Good morning guys!
FYI Weekly performance on last 10 weeks in a row (in pips): +138 +140 +160 +150 +110 +55 +41 (-150) +185 +70, and this week 95 pips profit so far!
I hope you all enjoyed this week 2/2 wins so far for 95 pips in profit like I have
As advised yesterday, the pair should have went up towards 1.2760 level, and not above.
That was very accurate, we made a nice profit on that move, and now it is time for the move down!
A break of the 1.27 level down is expected today, but probably not lower than the 1.2670 rate just yet. Once it does, will wait for a break of the 1.26 level tomorrow, and then all the way down to 1.25 & 1.2 levels (long run).
Please remember, our trading time hours are now 7-8 am GMT time – as London opening at 8 am GMT time.
Main Support and Resistance lines:
Resistance: 1.2890, 1.2930, 1.3000
Support: 1.2605, 1.2500, 1.2465, 1.2405
Therefore, today:
At 7:30 am GMT I will take a SELL (short) position of the Eur/Usd.
My TP will be: 50 pips from the entry rate!
My SL will be: 40 pips from the entry rate!
(usual 50/40)
Good luck for all of us, and lets have another great day with green pips!