RF1010 trade on Jan/28

 
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pipmasters

posts: 2

Jan 28, 2010 23:18    Quote
Points: 0   Vote

Hi Gang

 

Hope everyone had a great day trading with the movements on the ej and eu amongst all the other pairs that moved.

 

First off I want to say that im currently trading multiple minis and soon plan to trade Standard lots once my trading improves. With that being said my methodology is to think that im currently trading a standard lot so I have more to risk which means I have to trade more carefully and follow the rules.

 

Today im going to share a trade I made today in the NY session. The pair traded was EUR/USD.

The entry was at 1.3978 based off the RF1010 trade. In the 10 min confirmer we had a red BJ down, red MA and red candles but black HMI. We also had red paint and arrow. The pair was moving strong the north direction. But the HMI continued to stay black. I waited for a entry for what seemed like  foreverJ and took the entry at 09:41EST with the HMI still black. After entering short the HMI turned red 5 seconds later. At 10:12EST the pair approached a PSR and the confirmers started to fall apart which means time to exit for me. So I exited at 1.3955.

 

Frogot to mention that I also had the 60 min confirmer red,red,red as well

Total pips +22

 

What im working on is timing my entries because that is often the difference between a good and bad trade.

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