Showing posts with label euro. Show all posts
Showing posts with label euro. Show all posts

Wednesday, 23 March 2011

EUR/USD - pips in!

Everybody knows that deciding to stay out of the market is as hard as deciding to go long or short. Since the unfortunate events in Japan and Libya, the market has been hard to read and unappealing to me.

I entered this trade yesterday night following the signal Y (as shown on the chart) but one could've entered it today on signal T.

Entry: 1.4186
SL: 1.4219 (above previous high)
TP: 1.4136 (MR-2 or today's DR-2)

Yes, i know it was a conservative TP and i could have made another 30 pips.

Total profit: 50 pips

Monday, 7 March 2011

Jumping the gun on Euro ...

      I woke up today and sat in front of my computer 15 min before this screen cap was taken:

 CCI had touched the -100 and more often than not this is enough to justify an entry, even though stoch didn't quite get there.

You can see on the pic to the left where i place my entry order, SL and TP.







Moments later, this happened:
This is a much more valid entry point than the first one. Now both CCI and Stoch are moving from their lowest levels toward their highest. 

I believe i also misplaced my SL in the first entry to make it look better in terms of risk ratio. 

Needless to say that i got stopped out for a loss, but had i placed my SL below the previous low or had i waited for a confirmation from stochastic, i'd have been 30+ pips up now. At this moment i'd probably sell half-stake and move SL to BE.

Wednesday, 26 January 2011

15min EUR/USD - 23/02


     I didn't take this one but it was a perfect setup...

The first picture shows the chart without comments, so you can try and spot  the entry point. 
Click to enlarge



Note the vertical red line and try to concentrate only to the left of it. Euro is in an uptrend (higher highs and higher lows) and the purple ema (20) is above the red ema (80). Now look at the indicators at the bottom. Both CCI and Stochastic move at the same time from below (or touching) their lowest levels (the horizontal dashed lines) towards their highest levels. They are your trigger.




The entry point is marked by the green arrow, just above the previous candle at around 1.3714. Stop loss (white cross) below previous low and, for safety, below the red ema at around 1.3676. After the initial movement, stop loss could have been moved to break even or to the point marked by the orange cross.
Target profit would be at D-R2 (D-R1 was too close) or based on a number of pips. The stop loss was 38 pips, so TP would have to be 38+ minimum. 
Another option would be to sell half stake when you reach 30pips and bring SL to BE.

Two other entries (one before and one after) were still possible in the same chart. They were not perfect setups as the stochastic was not as synchronised with the CCI.