Saturday 27 August 2011

GBP/USD Trade (22 - 26 Aug)

GBP/USD 30 min

Missed a couple of good trade...

#1 trade,
price consolidate for a while then it breaks fractal down, sell at 1.6360, but i got stopped out at 1.6333 (price close above the alligator line), -27 pips

if i used the bearish divergent bar (pin bar) high, i'd still be in the market, but my stop loss rules is 30 pips max, trying to stick to the rules..

GBP/USD 30 min

#2 trade
Then i re-enter, break down fractal again, sell at 1.6345.. Got out at 1.6280, there's a divergence, AO start increasing, i just took it, gut feeling, +65 pips

GBP/USD 30 min
This one also a profitable trade but again i missed it..

Price start to retrace to its resistance and create a bearish divergent bar, if you're aggressive, sell when it breaks the bdb low, the stop would be just one above its high, for this one it's a small risk..

Otherwise we can wait until it breaks the fractal below alligator line, and we can use the bdb high as our exit.

This is a 80-100 pips profit potential, and i missed it :(

oh well, :) until next opportunities..

if you're aggressive, there's a triple divergence and a bullish divergent bar, if we took it, it's profitable as well..

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