metalhe4der

EURUSD long position using Price Action and MAs Analysis

Long
FX:EURUSD   Euro / U.S. Dollar
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2
Here's an example of a long EURUSD trade that I've been in since yesterday. I realize the bias showing a currently profitable trade, but nobody likes to see a system that does not show results that they talk about. Note, I do have losing trades like anyone, but the average R:R and swift-loss-cutting money management helps me keep things sane. I am a part-time trader, looking for opportunities mostly on larger time frames, I suppose you can call me a swing trader, but my trades can sometimes be day trades.

Had some free time and was in a good enough mood to post a mini-lesson of some sort :) Hope it's useful.

Comments

{Update: Stop has been moved to 1.29444}
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looks like our current area has some confluence ... not bad
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metalhe4der QuantitativeExhaustion
By confluence, are referring to the recent pin bar with bullish follow thru and a supporting MA? Or something else or more specific? Confluence is definitely always a good decision making factor.
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confluence is stong or weak support/resistance lines .. http://stockta.com/
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metalhe4der QuantitativeExhaustion
ahh ok, so in this case you are referring to the S&R...gotcha.
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