Two for Two!
It was an great day for our strategy today as we were able to grab 174 pips through 2 trades.
Today's Trade:
2:30am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle at 1.9437 with a stop at the most recent swing high at 1.9474. Since I was 37 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9400.
Entry: Short at 1.9437
Stop: 1.9474
Initial Target: 1.9400
3:16am EST: Our initial target was hit and the price didn't make a clean break so I took my profit.
10:00am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle at 1.9421 with a stop at the most recent swing high at 1.9449. Since I was 21 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9400.
Entry: Short at 1.9421
Stop: 1.9449
Initial Target: 1.9400
10:41 am EST: Our initial target was hit and the price didn't make a clean break so I took my profit.
Trade results:
+37 pips...3 lots...+111 pips
+21 pips...3 lots...+63 pips
2 trades....+174 pips
So all in all we are back in the black again for the month.
It was an great day for our strategy today as we were able to grab 174 pips through 2 trades.
Today's Trade:
2:30am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle at 1.9437 with a stop at the most recent swing high at 1.9474. Since I was 37 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9400.
Entry: Short at 1.9437
Stop: 1.9474
Initial Target: 1.9400
3:16am EST: Our initial target was hit and the price didn't make a clean break so I took my profit.
10:00am EST- There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down, and MACD was positive and losing value. This was a valid entry. The entry was at the close of the candle at 1.9421 with a stop at the most recent swing high at 1.9449. Since I was 21 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.9400.
Entry: Short at 1.9421
Stop: 1.9449
Initial Target: 1.9400
10:41 am EST: Our initial target was hit and the price didn't make a clean break so I took my profit.
Trade results:
+37 pips...3 lots...+111 pips
+21 pips...3 lots...+63 pips
2 trades....+174 pips
So all in all we are back in the black again for the month.
On a separate note, today I really differed from PipSurfer in my trades. Normally I may differ by a few pips, or miss a trade that he makes or maybe even show a crossover that he doesn't or vice-versa. But this time it's as if we were trading two different strategies. While I was up a total of +58 pips per lot he was down -51 pips. Apparently I missed a trade (i hadn't seen it till now that I read his blog) at 12:45 which he took part of and lost 16 pips. The 2:45 trade he showed positive stochastics which canceled the entry for him. My chart showed it trending down so I entered for a profit. On top of that in the 10:15 trade apparently his bar didn't hit the target and he got stopped out for a loss. My target bar went as low as 5 pips below the target.
Weird.
Here are his charts
Talk to you soon.
Talk to you soon.
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