Hello, nice to be back and could not wait to make some more trades this week. I woke up this morning and missed a possible sell entry about 30 minutes prior to opening my charts on the EUR/USD:
Sell @ 1.5224
Stop Loss @ 1.5236 (a 15 pip stop loss with spread included)
I am still setting up my rules so i did not enter a profit target, but if it had been a 1:2 trade then the profit target would have been hit.
Anyway, I waited for a retrace which did occur later on in the day, I waited for my entry signal to occur and placed a sell trade @ 7:30 am on the EU:
Entry @ 1.5194
Stop Loss @ 1.5219 (a 25 pips stop loss with spread included)
I did not place a price target as well on this trade since i was expecting to sit around and watch it
Then the beauty of the FOREX market occured. I went to sleep for a while and an unexpected news event came out, both the GU and EU shoot up, stopped my EU trades out, and came back down as if the news event never happend … this is what I live for!!! I then took the time to read the posts some of the students made in the online mentoring school I am in and now im ready for the mext trade setup!