This trade is based on the overall trend of the daily and weekly. The daily pinbar is also looking nice but I do not like the daily trendline above and also the big red bar prior to the pinbar.
Trade: Long AUD/USD
Open Price:1.0599 + 4 spread
Stop Loss: 1.0490
Reason(s): Daily pinbar, daily and weekly trend seems to be up.
Caution: Does not like the daily trendline. Trade may touch the trendline and move back down.
Risking: 0.8% of my account balance
Moved stop loss to breakeven +8.
Got stop at BE +8.
Looks like it really did move down after touching the trendline. 1.0650 area seems to be an important area too.
Showing posts with label BE. Show all posts
Showing posts with label BE. Show all posts
Wednesday, March 7, 2012
Thursday, November 18, 2010
18/11/2010 Long NZD/USD [Close]
Trade: Long NZD/USD
Open Price: 0.7736
Stop Loss: 0.7621
Reason(s): Daily Pinbar, Uptrend, 0.7650 Area
Risking: < 1%

Result: BE
Open Price: 0.7736
Stop Loss: 0.7621
Reason(s): Daily Pinbar, Uptrend, 0.7650 Area
Risking: < 1%

Result: BE
Thursday, August 19, 2010
20/08/2010 Short NZD/USD [Close]
Trade: Short NZD/USD
Open Price: 0.7046
Stop Loss: 0.7110

Result: Break Even (Moved stop loss to Break Even on Friday)
Open Price: 0.7046
Stop Loss: 0.7110

Result: Break Even (Moved stop loss to Break Even on Friday)
Monday, August 16, 2010
17/08/2010 Long AUD/USD [Update] [Close]
Trade: Long AUD/USD
Open Price: 0.9005
Stop Loss: 0.8849
Moved Stop Loss to Break Even.
Result: Break Even
Open Price: 0.9005
Stop Loss: 0.8849
Moved Stop Loss to Break Even.
Result: Break Even
Sunday, July 25, 2010
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