EUR/USD short/long entry order

Discussion in 'Forex Trading' started by forex-forex, Feb 13, 2006.

  1. This is a trade I placed Sunday night. I plan on posting similiar live trades in the future with charts at entry and exit. This trade is completed and this post is a test to see how the charts look.

    Time: Feb 12 2006 23:14 EST (times in 24-hour format).
    Quote: EUR/USD 1.1890.
    Enter to Buy @ 1.1920, Stop @ 1.1880, Trailing Stop @ 25 pips.
    Enter to Sell @ 1.1860, Stop @ 1.1900, Trailing Stop @ 25 pips.
    Maximum Loss: 80 pips.
    Maximum Gain: n/a

    ----------------------

    Outcome of trade - 40 pip loss

    [​IMG]
    EUR/USD 30 minute chart - Feb 13 19:30 EST

    1: Order placed Feb 12 2006 23:14 EST.
    2: Buy order activated at 2:31 EST.
    3: Stop hit at 4:25 EST for 40 pip loss.
    4: Sell order unfilled and cancelled at 19:30 EST.

    Comments welcome.
     
  2. Buy1Sell2

    Buy1Sell2

    What was the reason for 119.20 as the buy target and how far in advance did you pick that target
     
  3. Buy target (and Sell) was +30 (-30 for sell) pips of quote at time of trade. Using the 30 minute chart going back 50 trading hours.

    I didn't post my chart at entry, I will in the future. I also might start a journal in the "Forex Trading" section with all my charts