Sunday, 4 September 2011

Missed EUR/USD trade (Week 29 aug - 2 sep)

EUR/USD Hourly

Too much watching AUD/USD and GBP/USD, I missed this beautiful move...

1st opportunity (abc pattern)
- Double top with divergence then it start to form a tight pattern, like a bracketed market
- Enter when break fractal (up or down), down fractal for this one
- Exit one tick above bullish divergent bar or the green line (80-100 pips potential)
- We might want to use tighter stop since it's angling away from the alligator line with five consecutive red bar

2nd opportunity
- Price start to consolidate, AO near zero, break down fractal

3rd opportunity
- a tight pattern, break down fractal

Using the green/red line, we'd still be in the market with a profit around 200+ + pips,

I'd definitely exit before the non farm payroll, using tighter stop, if i trade this one, too bad i missed all three :(
I was waiting for abc pattern on AUD/USD, but it didn't happen T_T (cry me a river indeed... Lol..)

oh well until next opportunity...

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