EURGBP: Ichimoku trade Short

Euro Fx/British PoundFXCM

Description

⋅ May 14, 2015 5:19 PM

Simple Ichimoku trade with well defined rules :

- Below 50 & 200 MA , in both 4HR and 1D
- Below Kumo Cloud
-.Retraced 23.6 from last drop

SL above 0.7315 , with a target around 0.70

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high ., and don´t be the last one to exit
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

EURGBP

Comments

Realisto_FX

⋅ May 26, 2015 7:50 PM

UPDATE : I´m closing 50 % of the position and remaining to B/E

Realisto_FX

⋅ May 21, 2015 10:01 AM

UPDATE : Move stop to 0.72 to lock 20 pips profit

andrewmiller

⋅ May 19, 2015 3:03 PM

Looks good - thanks for the share.

Realisto_FX

⋅ May 19, 2015 3:16 PM

Yes, it seems so, however it needs to break down the channel . Cheers mate, good luck