My 5 trades for today. There is a strong resistance at 134.72 from a 4-hour chart fibo line. Better to stop here and not chasing the breakout.
Thursday, July 30, 2009
Afternoon session
My 5 trades for today. There is a strong resistance at 134.72 from a 4-hour chart fibo line. Better to stop here and not chasing the breakout.
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3 comments:
very nice trades!
but I'm wondering, where would have been your sl on the first trade? I certainly would have been rather nervous =(
anyway, your time is gmt+2?
best regards
dr_ceran
hi dok,
you are right,the first one was risky, i risked 10-11 pips on this, my stop was below the 50% of previous move up fibo line, at 134.31. Price stopped one pip above this.. I was lucky. A big risk indeed.
I am at CET+1, or UK time +2.
I believe no matter what session we trade on, we just need to make sure we work with simple and straight forward approach instead of doing anything over the top, as that’s something which will help us trade nicely and bring a lot of profits too, so that’s why I do that only and with help of OctaFX broker, it’s ever nice for me to work everything out using their awesome low spread from 0.1 pips to high leverage up to 1.500 plus much more, it’s all superb.
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