Target was around 6260 based on resistance levels, got 6265. +40 pips today.
Muthu, nice chart for the EU.
great trade
Blackswan:
Congratulations on a very good trade. 6265 is the area where gu long bounced on Jan 26. A good area to look for an exit though.
Your trade taking idea looks very good. It is way different from the original time zone but it seems to be working great. You and Muthu are upto great trades over here. Keep It Up.
Good to see you guys are doing teh same as me on both the GBPUSD and EURUSD!
Do you guys live trade this?
I did it for a month and dropped out recently JUST BECAUSE it was very hard for me to wake 1 am in USA edt time daily and go to work in am. Besides I became comfortable with other system to reach my goal.
I operate two accounts. A small live acct and also have demo running. Risky experimental trades are on demo and trades with better probability on live.
.
Take a look at this trend going back to the 21st, we might be going higher from here as the trend of lower highs has been broken. I would still take the same exit on a day trade but for a swing trade I might have stuck with it.
Cool, well i guess i will see you guys about the same time tomorrow! This trade is perfect for me living in Australia as it comes about at 7pm in the evening.
Thank you.
Hello gbl83,
Can you please help me out. I live just North of Brisbane, have read through this thread but still get confused with the time zones. Living in Australia can you confirm that the London open 9am is 6pm our time and we are using the 5 candles before this time.
Many thanks
Thanks very much Blackswan
I actually thought that it was 7pm as things usually start to move around that time…last time i traded this breakout it was at 7pm.
Good way to start the Month. Only thing I am concern about is,we draw trendlines from Friday data and I found it to be not as good as other day’s data. If you are very selective for entry then something to think about it for Monday’s set up. But it was great today. We will see next 8-10 Mondays’
trades and evaluate it.