2:00am Price has been on the rise during the Asia Session from 1.5269 to 1.5352. According to my system I dont trade during the Asia Session.
5:00am Price broke above the previous swing high of the Asia Session. I was anticipating a buy signal from all indicators so I jumped in a long position. Never got the buy signal from my Multi Oscillator indicator but I kept the position open anyway. Entered at 1.5385 risking 5% with a 50 pip SL at 1.5335 and a 100 pip TP at 1.5485.
4:00pm I closed my position an hour before the U.S. Session end at 1.5401 (+16 pips) wit a little over 1% gain.
2:00am Price moved slightly higher during Asia session breaking resistance level. Looking to go long during Euro session.
3:30am Price moved higher breaking Asia session’s high. Entered long position at 1.5267 risking 4% with a 50pip SL at 1.5217 and a 100pip TP at 1.5367.
4:30am GBP Manufacturing Production m/m was forecast .4% came out .5% pushed price higher.
4:30pm I closed my position at 1.5319 (+52 pips) with slightly more than 4% gain.
2:30am Price been in a ranging motion since the rally up during the previous U.S. session. Looking for clear break of resistance.
5:00am Price broke previous day high so I entered in a Long position at 1.5341 risking 4% with a 50pip SL at 1.5291 and a 100 pip TP at 1.5441.
7:30am Price moved very volatile against my position. My guess is the USD Unemployment was expecting a compared to the previous months and price was just moving in anticipation of the results which actually came out better than expected.
Price hit my SL at 1.5291 with a 4% loss.
Conclusion
I will be more conscious of News events Forecast relative to there previous months numbers and either exit the trade early or stay out the market all together if the forecast is not in my favor.
Thank you! I watch this system. But I heard they are beta testing now a new version from ProFx and I’m wondering should I take this one or better to wait for a new release
Yep:35:
I also use ProFx 3.0
And I also wait for a new version. I am happy with my, but I cannot wait for the next one. May be even I will get some discounted upgrade :57:
Yeah I love the system Im still trading it, I just been writing my journal on another site. Im not sure whats going on at Forex21.com but there forum is a desert and no support on site…so don’t know whats going on there.
Placed 3 trades.
First one I shouldn’t have taken because I didn’t fully break support (quickly noted and learned from) -3.69%
2nd trade +1.10
3rd trade+3.96
