Nice start!
Well it was a good way to start the week as I was able to grab 45 pips today. Here's how it happened
Today's Trade
5:00 am: There was a crossover and my alarm went off. I checked the confirmation signals and saw that stochastic were trending up, RSI was over 50 and MACD had gone from negative to positive. So all was looking good. At the open of the 5:15 I jumped in a got executed at 1.9855. I was 45 pips away from the next 00 level so I set it as my limit and put my stop at the swing low of 1.9794.
Entry: 1.9855
Stop: 1.9794
Limit: 1.9900
6:00 am: the bar opened and shot upward. I looked for it to make a clean break and since it didn't I left my limit where it was and took my profit.
Today however I only bought 2 lots, as opposed to the 3 I usually do. This is because our stop was 55 pips away and if the trade went against us, it was more than I was willing to risk on one trade. So we net 45 pips on 2 lots for 90 pip gain.
Trade result:
One trade.......+90 pips.
So here are the charts. Take a look and let me know if you have any comments or questions.
Talk to you soon.
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