Tuesday, May 12, 2009

Rectangle again

Switched to eurjpy when I saw this long rectangle forming after Tokyo close. Entered a little bit prematurely, the higher low that followed my entry kept me in the trade. Second trade entered on CCI divergence AND price kicking the upper bolinger on hourly chart.

1 comment:

Woolmer said...

This is very rare and I have really not seen this happening too often but if we are able to spot this correct then there can be serious profit made. I am using the latest platform cTrader, it’s a superb trading software which is up to date with latest technology added and is provided by multiple award winning company OctaFX, it is also regulated and a true ECN broker so have provided such awesome platform which is also especially develop for ECN traders.