Took 2 trades off the 11am bar and 1 off the 3pm bar. 2 other set ups were noted just to see how they pan out.
With the two trades outlined below we decided to close them at the end of the 4 hour bar in keeping with the last few trades and just a new method we're going to try over the next few days.
***
Trade 1 - GBP/USD - Sold @ 1.4681 - 11am Bar - Closed @ 1.4653 = +28 pips
Pretty good trade, went in after the second bar (upthrust) and whilst the low point was a lot better than the close it still gained a few points, it is still moving down as we speak but in keeping with the 4 hour trade time frame we got out of the trade.
Trade 2 - EUR/GBP - Bought @ 0.8365 - 11am Bar - Closed @ 0.8359 = -6pips
This wasn't a particularly good trade in retrospect we thought the third bar was a test and with strength in the background this would continue to rise, unfortunately wasn't the case and it seems as though it's a bit sideways now.
Trade 3 - JPY/USD - Sold @ 92.60 - 3pm Bar - Closed @ 92.50 = +10 pips
Not a bad trade, has since started moving towards 93.00 as we expected, will probably reach it some time today (Friday)
***
+32 pips for the day, +178 pips for the week.
The two trades we took note of are as follows, by "took note of" I mean upon noticing it I probably wouldn't put money on them as i'm not completely convinced, but nonetheless something I wish to follow.
Note 1 - EUR/JPY - Possible Sell @ 113.81- 11am Bar
It's now 17:30 and this possible sell is now about 112.18, +163 pips! But it wasn't a trade, merely a note. (i like to think we spotted it though!)
Note 2 - GBP/CHF - Possible Sell @ 1.6906- 11am Bar
This note took it's time to do anything, it was in the hole for ages but wouldn't have stopped out. It's now 17:30 and around +50 pips but i think it was good initially not too take the trade.
0 comments:
Post a Comment