It keeps going and going.
Another positive day. for net 102 pips. Looking good.
Today's trades:
2:00am EST- There was a moving average crossover for a short trade. However, stochastics were still trending up which cancelled out the signal. I did not enter on this one.
3:45am 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 1.9501 with a stop at the most recent swing high at 1.9535. Since I was only 1 pip away from the nearest 50 or 00 level, I decided to go for the same amount of pips I was risking on the trade, which in this case was 34. This put my initial target at 1.9467.
Entry: Short at 1.9501
Stop: 1.9535
Initial Target: 1.9467
5:45am EST- My target was hit. I had a limit order in place and it got filled at 1.9467
Results: 1 trade...+34 pips....3 lots....102 pips.
Here are the charts.
Talk to you soon.
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