Long EURGBP from daily support @ .87225 Long

Euro Fx/British PoundFXCM

Description

⋅ Oct 10, 2018 8:50 PM

Idea: Enter long EURGBP if today candle closes as indecision candle above daily @ .87225 .

Stop: .87150 Initial Stop - Will move to break even once +20 pips is achieved
Entry: .87400
Profit: .87570

Account Balance: $538.28
Position Size: 10k

Please note: I'm a complete novice just trying to find my way in the market. Will trade this on a small live account and post result as happens.

Love to hear feedback and criticism about my idea.

Comment

⋅ Oct 11, 2018 2:04 AM

Entered long a tiny bit early @.87354. Will see how things progress toward the end of the session and may close or tighten stop before Europe open.

Comment

⋅ Oct 11, 2018 4:43 AM

Stop moved to 87205

Comment

⋅ Oct 11, 2018 8:20 AM

Stop moved to break even.

Comment

⋅ Oct 11, 2018 10:47 AM

Adjust stop to +11ish pips and trailing at 10pips.

Trade closed: stop reached

⋅ Oct 11, 2018 8:31 PM

Stop triggered overnight @ .87466 for a gain of +11.2pips only to move back up.

Opening Account Balance: $538.28
New Account Balance: $559.16

Comments

View4U

⋅ Oct 10, 2018 10:25 PM

We're waiting for the CCI to cross up the negative 50. That might confirm the trend !

BE.FX

⋅ Oct 11, 2018 9:25 AM

Thanks @View4U, I don’t use CCI but I will take a look to see your view on things.

Thanks for taking the time to comment.