Wednesday 29 September 2010

EUR/USD Week 5

1st Trade
Double Divergence between AO and Price
Bearish Divergence Bar
Enter Sell @ 1.3603
Stop Loss @ 1.3641 (one tick above bdb high)

Still have to be careful though, 4 hour chart, still wave 3, not a wave 5. So im trading a possible abc correction of wave 4..

We'll see wat happen... :)







Close 1st Trade & 2nd Trade

my stop loss was hit, total loss of 38 pips

re-enter wiseman 2 sell @ 1.3594

hmm.. strong up trend indeed...





Close 2nd Trade
Another cut loss, total loss of 41 pips..

a strong wave 3 indeed..

oh well, let's just wait until it breaks the trend line.






i'm getting busy, so no more intraday trading for now, move to day trade, well bill william said his system works best at day trade, let's see wat happen...

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