Wednesday 21 December 2011

Daily Trade Review (21 Dec 2011)

EUR/USD BDB False Break
EUR/USD Hourly

Enter Buy at 1.3111, Stop Loss at 1.3100 (11 pips risk)
Let's see how this turn out. The bdb tail a bit short though and the AO is decreasing, but we'll see, only 11 pips stop loss, I'll take my chances (good risk and reward ratio). one hour and half before london' market open..

UPDATE
EUR/USD Hourly

I'm out from my position at 1.3112, 1 pips profit.. Price rejected near resistance, let's wait for another opportunity, keep watchin this chart..

UPDATE
EUR/USD Hourly

Let's try to sell, at 1.3112, Stop loss 1.3130 (18 pips risk)

UPDATE (Fractal Breakout)
EUR/USD Hourly

Got Stopped out at 1.3130 for a -18 pips loss, let's stop and reverse, buy break fractal at 1.3130

UPDATE
EUR/USD Hourly

My limit profit got hit at 1.3170, for 40 pips profit.. This is key level, near resistance and fibonacci 79 retracement.. Now price stall at support, watching if there's a bullish candle formation..

UPDATE
EUR/USD 15 min Chart

Spotted a bullish divergent bar at 15 min chart, buy at 1.3091 for a 20 pips stop loss at 1.3071.. Let's see..

UPDATE
EUR/USD 15 min Chart


Got stop out at 1.3071 for a -20 pips loss...

UPDATE (BDB at 61.8 Fibonacci)
EUR/USD 15 min Chart

Re-enter, another BDB, buy at 1.3074, Stop loss at 1.3056 (18 pips risk)..

UPDATE
EUR/USD Hourly

Got stop out again, -18 pips loss..  Well that's trading, sometimes you win, sometimes you lose, but keep your losses at minimal level, total losses only -15 pips, not bad.. This is part of the game, no worries.. Now let's wait for another opportunity...

UPDATE
EUR/USD Hourly & Daily Chart


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