Oct 07

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+37pips and now 18 Unbeaten

Well I consider myself very unfortunate……yesterday I missed the break I had been waiting for by 30mins (sometimes you just have to turn off for the day) and this morning the move occurred in my “danger zone” period between 07:00 and 08:00 UK time, so another almost fruitless day studying and changing my blog – hope you all like it!

Anyway, to business.

After EURUSD hit its key price of 1.4290 today price moved quickly south, lovely reversal candle patterns forming, divergence on MACD and with the bounce of key price and USD storming on AUD and GBP, I thought this was good counter-trend trade time. I went short at 1.3960 with a stop at 1.3985. I took the price down to 1.3923 before taking in my profits. Easy said, but my patience over these past 2 days paid off.

I let this trade go past my target area and extend past before closing out manually. Something I am trialling to make sure I get as most of the move as possible.

37 pips EURUSD

With 2 break even trades yesterday and today (both would have hit target if hadn’t followed my new rule of getting to BE quickly as possible) gives me a current record of 18 Trades, 8 1% to 1:1 and 10 Break-even with Zero Losses ! 😀

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Permanent link to this article: http://intradayforextrading.co.uk/2010/10/07/37pips-and-now-18-unbeaten/

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