based on highs and lows, My first target is 100 pips and I leave a portion running and use a trailing stop of 50 pips
Hi I just posted my new screen shot on my blog. PM me if you don't have the URL 3 longs this week 2 winners and 1 closed at BE.. Didn't trade after the FOMC market never retraced to my EMA 50 so I stayed out. 200 pips for the week! Becks!
Becky: I read your set up as follows: Setup: (1hr chart) EMA pairs of 5 and 2 (5 in red color - 2 in black color) EMA 50 stochastics at standard settings 8,3,3 (mainly for divergence) That's all I go short when price is below EMA 50 and when the red ema goes below the black ema ------------------------------ EMA 50 EMA 5 RED EMA 2 BLACK Price below EMA 50 and EMA 2 below EMA 5 makes sense for a short However: Price below EMA 50 and EMA 5 (RED) below EMA 2 (BLACK) does not make sense for a short simple because when EMA 5 is below EMA 2 PRICES ARE MOVING UP! Am I missing something? I mean to be constructive. Sincerely 10 PIPS
That was an average week for me only 2 trades for a 100 pips each.. I just posted the screen shots on my blog. I hope you guys survived the crazy spikes that we all saw this week that's why I don't trade 30mins before and after news
Here is my EUR/USD trade today: Short @ 1.3504 Closed the trade @ 1.3454 Earned 50 pips today and I am done for the rest of the day.. see you guys tomorrow.
EUR/USD 150 pips earned today: Short @ 1.3337 First Target Reached at: 1.3287 (50 pips) Second Target: 1.3237 (100 pips) Happy trading everyone! Becky