I had some issues with these trades. Most of the entries were not good. I was entering too late on breakout trades. The entries were also too close to key levels, which did not make them good bargains. Check out the video to see more. [...]
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I had some issues with these trades. Most of the entries were not good. I was entering too late on breakout trades. The entries were also too close to key levels, which did not make them good bargains. Check out the video to see more. [...] Here are my pre-Thanksgiving trades: Review Trade #1: EURUSD (Breakout) Result: -0.55% Review: Not a good trade. Breakouts are probably not the best strategy in this slow moving pair. Trade #2: EURUSD (Level Bounce) Result: +0.00% Review: Closed the trade too soon. It was actually a good entry but was not [...] Short 1 (100) @ 9164 Stop @ 9311 (-147) Target @ 8827 (+337) Entered on a break of the small consolidation pattern that usually signals a continuation of the trend. Once price started moving, I moved the stop to 9254, the middle of the consolidation. Stop moved to 9159 (+5 pips). Click above [...] Short 1 (100) @ 6616 Stop @ 6885 (-269) Target @ 6075 (+541) Support level break of 6726, nice bear candle. Click above for larger image Stop moved to 6611 (+5) Stop moved to 6222 (+394) I moved the stop in really tight to protect profit because I was going to sleep. In [...] Click above for larger image Short 1 (100) EURCAD @ 6616 Stop @ 6885 (-269) Target @ 6075 (+541) Sold on a break of the support level at about 6726. It looks like it wants to drop more, so we’ll see how it [...]
I have looked at the screens night after night and wondered if scalping the EURUSD would really work. It couldn’t be too hard with a 0.9 pip (on Oanda) spread right? If the market moves 1 pip, I make money! So I decided to try it. Just target 2 pips and get out. Luckily it worked but I realized that I need to have a better strategy if I’m going to be doing this on a more regular basis. I see scalping as a good way to Click here to continue reading My First Scalp >> Traded the USDCHF last night. I messed up on the first trade and put the stop too tightThe second trade was a revenge trade, I was chasing. Not good trades. Trade 1: Short 1 @ 1186, Stop @ 1221 Result: Stopped out Trade 2: Short 1 @ 1147, Stop @ 1182 Result: Stopped out [...] Took a small USD/CAD trade last night. Short 1 @ 548 Stop @ 573 (-25 pips) -25 pips, -$2.37 Here’s the video: We’ll see how this one goes. I have been trading this “box” strategy for the past couple weeks with a good success rate, so tonight looks like a good time to give this a shot in the live account. Asian Session High: 0063 Asian Session Low: 0019 Range: 44 pips <stop> L(2) GBP/USD [...] Not particularly proud of this one… 8:36 ET – <limit> S(5) USD/JPY @ 724, Stop @ 707, Target 4 @ 790, TS 1 @ 30 pips Looking for bounce off support points on 15 min chart. 8:37 ET – Stopped out @ 707 15 min 4 hour Trade Total: -17 pips [...] |
 
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