In the chart below you will see where I entered and I have annotated it.
1. This is my first trade. I took the short at the close of this candle. It had two things going for it.
Reason 1: The Impulse Move that was the setup.
Reason 2: It was a Pullback with a PC. I love PC setups.
2. This is where I got in using a limit order 2 pips below the box low. (continuation box entry)
3. I did not take this, but stayed in the two trades. The News (ECB Conf) went in our favour.
EURJPY Short Trades x 2
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
EURJPY Short Trades x 2
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What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
-
immy
- Founder
- Posts: 9654
- Joined: 22 Nov 2010, 16:46
- 14
Re: EURJPY Short Trades x 2 - EXIT
Exited the Trade overnight with Box Trail.
Tailing Box is my ONLY Exit for this method.
Tailing Box is my ONLY Exit for this method.
What is the Secret of Successful Trading?
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!
The Consistent Pursuit of DS1
The thing that makes me money in trading is when I "Objectively Follow my Trading Plan".
I understand that I can't catch all the moves or all the signals but my objective is to catch THE VALID SIGNALS & ONLY the Valid Signals.
My Deathbed Advice "5:1 Reward to Risk Ratio".
Yo, banana boy!