selfrighteousgambler
Short

LONG-TERM EURUSD SHORT @1.1340

FX:EURUSD   Euro Fx/U.S. Dollar
I really do not care what the FOMC minutes read or what NFP data is or what Greece are doing.

I look for where institutions are buying or selling. I do not care why they are doing so. I just want to know where. Then I go with them.

Price action lets you know that. As you can see from the yellow areas, it is pretty effective.

So, rather than draw trend lines and extensions, I stick to price. I look to buy low and sell high (relatively, of course).

Everyone wants to predict what price will do from now. I just know what I will do if and when price gets to predetermined levels.

But no one is perfect. So my risk is never greater than 3% of my account.

Anyway, 1.1340 is the bottom end of a weekly supply area with daily supply inside it.

Entry: 1.1340
Stop: 1. 1400             (60 pips, 3% max, gotta protect myself if I am wrong)
Reward: TBC (Could be 1.1000 or 1.0500, either way, massive).
Trade active: Going well so far. Wasn't really expecting it to happen so soon.

Reward = 2x risk so far
Comment: Reward = 3x risk so far
Comment: Reward = 4x risk so far.

Target = 1.0950
Comment: Reward = 5x risk so far.

Target = 1.0950

SL moved to 1.1200
Comment: Reward = 5.5x risk so far

Target = 1.0950

SL moved to 1.1150
Comment: Very near the target.

Reward = >6x risk.

Good trade.
Trade closed: target reached: Done. 400 pips in the bag, risking only 60.
Nice entry, currently do have an active trade
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Not at the moment, no. I'm waiting.
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SSSDEV selfrighteousgambler
I am trading right now with http://www.nseindia.com , you need to select Eur/inr say jan expiry. Would catch up later. . thanks
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opoen long term short only if the price is under 1.064 and cant go back . Now short to 1.0765 . Take care ..
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Thanks. But no thanks. My long term short will be above @1.134 or higher :)
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stream selfrighteousgambler
Do you mind that flag ? Thats ok ..
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