forex4noobs
Short

Potential short @ 1.0990

FX:EURUSD   Euro Fx/U.S. Dollar
1147 20 27
I see potential for a short if price breaks the 1.0990 There are a few requirements that need to be met before I would consider this trade.

  • The current candle needs to close as indecision, it looks like indecision now, but it has yet to close.
  • The new daily candle should not push higher than 1.1055 .

Trade closed for profit at the 1:2 target
+3 Reply
Target was hit today at 1pm for a 148pip profit. :)
Shortly after though due to the ECB news release, price quickly reversed and would have hit my stop had I not stuck to my 2:1 target ratio.
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I am in this trade also, good luck for all.
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Cool!
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Thanks Nick, yeah I got in :) I set a Sell Stop and went to bed! It triggered around 1am'ish.

Entry: 1.0988
Stop: 1.1063
Exit: 1.0839

Good luck.
Reply
Great work
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Entered this trade

Entry@ 1.0990
Stop@ 1.1061
Exit@ 1.0850
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PieroPontra PRO forex4noobs
How about tomorrow ECB rate decision? How will you handle the trade if it will not close before the news? Thanks Nick, you're great.
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forex4noobs PRO PieroPontra
Depends on a lot of factors. My general rule is to keep trades open as long as they are in profit.
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PieroPontra PRO forex4noobs
Aren't you scared about slippage if news will go against the trade? Slippage could jump the SL sometimes, it happened to me! Could u be more specific on how u'll handle this? (trailing stop, premature exit, SL to break) I will really appreciate Nick, I'm learning a lot on F4N.com and I'm considering to join your advance course. Thanks!
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