FX_IDC:EURUSD EURO / US DOLLAR
Here I am showing a trade that I recommended to take earlier today, I am still waiting for the opportunity to exit my long. Soon after you exit, I would recommend to look for a short position, and expect to exit that short in around 2-2.5 hours.
Comment: I am looking for an exit in the next 30-50 minutes max.
Comment: Soon after, I will be taking my second trade, short trade, should look for a spike to enter. Expect the spike in 30-50 minutes.
Comment: As expected, the price has been reversed and now heading down! Expect a leg down in the next 2-3 hours, I will be exiting my short positions there!
Comment: Here is the anticipated spike, if you were not short, good time to look for an entrance now, well done for being patient!
Comment: Second trade was bad, stopped out at -10 pip. Overall 15pip profit for a day. See you tomorrow!
I would love to answer this question, but please let me leave the explanations aside for now. I have spent too much time explaining my technics to other people for over several years, I want to release a short book, which will have this all explained in detail. For now: I am posting entries and exits, without telling why I am expecting the turning points to happen, when I get enough reputation, the book will be released, and all those who will be interested will read answers to their questions.
In my trading I manage trades differently, this time it was having a stop loss at -10 pips and I did not add any margin. So it is up to the trader how he manages his trades. Overall for the last two days 3 trades are successful one was stopped. As I have said earlier, I am only spotting the time frames when to expect to enter and when to expect to exit. Normally looking at success rate of my trades with this system, 75%-80% of trades are successful.