Apr 27

Print this Post

Tuesday 27th April – Eventually EURUSD Eventually!!

No Emotional trades today.

No Impulse Trades Today.

No “let’s see what happens” trades today.

Result : Profits :-)

My 1m strategy activated 3 times with the EURUSD and at the first 2 attempts I took the trade-off the table when the price didn’t act as expected. I took the trades off for less than stop loss – as they say – keep your losses small.

At the third attempt the price broke thru the previous lows made and this time the price reacted as expected. For the first time, which I was pleased about, rather than take the profit at my initial target, I kept the position open until my “close” pattern was identified. This netted me an additional 11pips. The price was at BRN of 1.3400 so expected a little bit of resistance.

I had taken 2 short trades on GBPUSD also this morning, but both times I took them off the table shortly after as I was less confident of the outcome as EURUSD hadn’t really moved a jot. Additionally, we had a previous session close and a BRN to clear in order to give meĀ  a tidy 1:1 Risk / Reward. Only have to look at the charts for GBPUSD this morning to wish I had kept my bottle and stuck to my plan.

I’ll post this trade – as one I am proud of, as for me probably the best I have made so far as I actually tried to “manage” the trade whilst open.

Best Trade to Date

Best Trade to Date


If you enjoyed this post, make sure you subscribe to my RSS feed!

Permanent link to this article: http://intradayforextrading.co.uk/2010/04/27/tuesday-27th-april-eventually-eurusd-eventually/

1 comment

  1. FFXD

    Well done buddy… try to keep it up.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>