system
January 27, 2012, 1:43am
1
EURUSD Daily
Long or Short: SHORT
Entry Point: half now (1.3100) and half at 1.3200
Stop Loss: 1.3375 - above 50.0% Fib
Profit Target/s: 1.2700
Reward-to-risk Ratio: 450/ 225 - 2:1
Risk percentage: 2% - each position 1%
Indicators: 62 SMA and Fibonacci retracement
Trade Rationale: I’m still very bearish on euro. Doji on the daily, and price bounced from a support level in the past. It is also finding resistance at the 62 SMA.
Trade Adjustments: Shorted 1% now at market price, will short again another 1% if it hits 1.3200.
ud1nh0
January 28, 2012, 9:33am
3
ok, i’ll try to follow, short 4 position each 1% at 1.3218
pt1: 1.3160
pt2: 1.3094
pt3: 1.2960
pt4: open
SL: 1.3266
move SL +10 or breakeven if pt1 hit
i’ll test in virtual and demo
system
January 30, 2012, 2:07am
4
ud1nh0:
ok, i’ll try to follow, short 4 position each 1% at 1.3218
pt1: 1.3160
pt2: 1.3094
pt3: 1.2960
pt4: open
SL: 1.3266
move SL +10 or breakeven if pt1 hit
i’ll test in virtual and demo
Looks like you hit your first tp. congrats dude. i’m still at d average of my 2 positions. I plan to hold on to this for a bit. good luck!
I made a 100 pips on this trade. Thanks