Thursday 9 December 2010

EUR/USD week 2 (Dec 10)


Hopefully my wave count correct...

Target zone would be around 3495-3669












Close Position
Hit my stop loss at 3242 (the last fractal), a total profit of 13 pips.
From floating profit 80+ pips :(

Forgot with the 5 bar stop loss at 3289 (+60 pips). Hmm.. need to remember that, since the trend still too early too tell, should've used tight stop...

Ok noted, Now let's just wait for next opportunity :)
Just remember the rule (saddle point)





2nd Trade of the day
Decided to enter the 2nd BDB, buy at 3230.

Had a couple of bad experience with wiseman 1, need to be careful with this one. That's why i entered on the 2nd bdb, need to make sure there's really a buying pressure out there and also it stops around 72% fibonacci, which is a typical end of wave 2.

Hopefully my wave count is correct. Well if it breaks 3179 then the wave count fails..

Why not give it a shot :) We'll see...



Close position

Hit my stop loss at 1.3193, a total loss of 37 pips :(
oh well.. let's wait for next opportunity..
Still need to figure how to use wiseman 1, a gambling phase indeed.. :)

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