London Breakout 1

Short trade on the EU didn’t work out today either. -16 pips on this one.

My stop on the Cable is 30 pips away from my entry. Putting it on the top of the bar was to tight for me.

Stopped out of the Cable for 30 pips. Down -66 for the day. Will be back on Friday, tommrrow I will not be trading.

stopped out on cable today -26 pips

moved my stop on EUR/USD to break even just before German Unemployment news release and got stopped with no loss or gain.

so -26pips down today.

This is how my trade went for 10 pips.
I always initially draw lines on one hr chart and then convert the same chart to 5 min chart and place pending order. Once one Buy or sale trade is executed I cancel the other trade.




muthu, your contribution for posting everyday trades are so helpful. great discipline you have there.

muthu, could you please post or pm me a link to the pipholic dots please? it looks good :smiley:

thanks :slight_smile:

Managed to scalp 13 pips on the cable this morning with a buy @ 1.5293 closed at 1.53065 this was before the 9am candle retracted just after the GBP news at 9:30am

beehjae:

Thank you. I will post the indicator soon. It was shared by a very good friend of mine and it is a good visual indicator showing s/r levels.

Regards,
Muthu.

Regards,
Muthu.
Chennai.
India.

I should have considered 00 hour close to draw my trendlines. If so it could have given some profit.

Regards,
Muthu.

Thank you muthu, I look forward to that. :slight_smile:

Here you go. Credit to my friend who shared this with me. Save the file in your indicators folder. Shut down and restart your MT4. You will find it listed in “Custom Indicators” Drag and drop it on your chart. You are good to go !

Regards,
Muthu.

I appreciate this Muthu. MANY MANY thanks. :slight_smile:

EDIT: ooops… no source ? :stuck_out_tongue: i guess that it is proprietary. :smiley:
God Bless :slight_smile:

Welcome. Credit goes to the original creator as well.

Regards,
Muthu.

Regards,
Muthu.
Chennai.
India.

Good trade to start the week and month.

Regards,
Muthu.
Chennai.
India.

030110 Trade

Look like Muthur is not here today so I will post the chart