ok totally lost the wave count, i'm closing my 7th trade from last week @ 1.2792, total loss of 15 pips. Price close above red line, momentum decreasing..
Monday, 16/08/2010, 19:34 (1st Trade)
Tuesday, 17/08/2010, 14:43 (2nd Trade and close my 1st trade)
Tuesday, 17/08/2010, 16:20 (close my 2nd trade)
German ZEW economic sentiment is lower than forecast and also lower than previous. i'm out first, don't know how the market response to this. Based on the result, it's bad for the currency. but we'll see how the market will react.. Damn i hate news :p
Wednesday, 18/08/2010, 19:48 (3rd trade)
Wednesday, 18/08/2010, 22:08 (3rd trade cont....)
if i look at the 4 hourly chart, the price is inside the alligator, looks like a big sideways market, so i decided to use the trend line or the last down fractal as my STOP LOSS consideration instead of using the alligator (price close below the red line)... we'll see how it goes..
<----- 4 hour chart
Thursday, 19/08/2010, 08:05 (close my 3rd trade)
Thursday, 19/08/2010, 13:02 (4th trade)
Thursday, 19/08/2010, 14:26 (5th trade and Close my 4th trade)
Thursday, 19/08/2010, 16:17 (Close my 5th trade)
No comments:
Post a Comment