Posted by: pppglowacki | March 4, 2008

03-04-08

The GU has been so bad these last few days, moving sideways between a big range…its crazy, so i decided to focus on the EU.

Here was a trade i was waiting for all night long, then the high probability pattern finaly occured in the morning. Unfortunetly, the timing was off and the sell trigger was not good in my rules – i did not take the sell trade. But anyway here is what it looked like:

Sell @ 1.5234, Stop @ 1.5248 (this was a 17 pip stop loss with spread included), Profit target could have been easily 1:2 or more.

EU1EU1

Later on in the day, I noticed that there was a nice buy trigger on the EU around 2:30 am, the only problem was that i did not have a support line drawn there since i am still working on those :)  Here is the trade setup:

Buy @ 1.5179, Stop Loss @ 1.5171 (this is a 11 pip stop loss with spread included), Profit target would have been around 1:3.

Sorry no picture for this trade. Enjoy.


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