Look like a good trade?
Hi RN, just saw your message. I am not so clear on the setup though. What was your trade plan?
I was thinking of getting into the trade after retracement from 11% but it never hit it… This was my first try on this strategy so wanted to show you first…
Ok, much clearer now. Not a problem, only that I could not see exactly where you had planned on entering. The setup is however still valid as we now seem to be going back down to that area.
Another exciting week ahead. Hope that those following are getting the hang of this method now.
Starting out this week we have a nice long setup on the GBP/CHF H4 @ 1.5041. Lets see how this level holds for long entries.
http://img163.imageshack.us/img163/1989/43198649.jpg
A dip down to 1.4990-1.5000 Daily PVSL is possible before buying occurs.
Buying this pair at 1.6245-50 area. Preferred TP 1.6375, beyond that 1.6440.
http://img192.imageshack.us/img192/684/gbph4.jpg
Good Morning RN, just woke up. Looks like a trade that already triggered at the wick of the sell candle. Is that how you traded it?
Nope… Didn’t get into the trade… What time do you usually trade at?
Between this time and about 11am. Sometimes if I see good setups at 7-8pm I will trade that time as well.
Timezone? It’s 3:36pm here
ooops EST.
GBP/USD and GBP/CHF trades closed at early tp2 and breakeven levels respectively.
Looks like a good trade… Lets see What’s your SL?
Stop @ 0.7396
Okay… I was willing to ask you, how many lots do you buy per trade?
Stopped out! Eye still on this pair for shorting. See what sets up later.
As many as my account and money management rules permit