Thursday 18 August 2011

EUR/USD trade (week 14 - 19 aug)

Overall Trend
EUR/USD 4 Hour

Entry

EUR/USD Hourly

Starts with a saddle point,

#1. Break fractal 1, sell at 1.4350, got stopped out at 1.4390, -40 pips (big bullish divergent bar)
     
      4 hourly - price above alligator, and it's opening up, hmm.. should i just take long position then,
      following the trend? Well there's a lower high and it's near the resitance line i guess nothing better could've
      been done. I'm happy with my decision..

#2. Break fractal 2, buy at 1.4421, got stopped out 1.4441, +20 pips (one tick below big candle low)

      20 pips away from the resistance line and 10 pips away from my target point.. hmm.. oh well at least i still
      can save a lil bit of my profit : )

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