SETUPS


SETUP.

TIME FRAME OF ANALYSIS 5 MINUTE CHART. ENTRY TYPE LIMIT ORDER, IF U PREFER MARKET ORDER, STICK TO THE SCREEN n' WAIT FOR THE PAIR TO GET TO THE ENTRY ZONE.

ALWAYS USE STOPS.TECHNICAL STOP @ YOUR DISCRETION=IMMEDIATE PREVIOUS MEANINGFUL SWING HIGH/LOW, OR, AT LEAST 25 PIP FOR EURO AND 30 PIP FOR POUND. TRAIL STOP EVERY 25 PIP GAIN TO TARGET. (MT4 ALLOWS TRAILING STOPS IN PIPS).

AFTER 22:00 GMT (NY CLOSE) HOURS AND IF THE TRADE HASN'T YET BEING TRIGGERED IT'S BETTER TO REMOVE ANY PENDING ORDER AND WAIT FOR THE NEXT EURO SESSION TO BEGIN AND RESET THE MARKET VOLATILITY-LIQUIDITY.

miércoles, 8 de septiembre de 2010

trade for sep 08/10



sep 08/10, the market behavior lead to change from a limit to a market order at the level.


From now on the entry order will be a MARKET entry order at a entry zone.


The trade went for a minuscule profit because market was very doubtful to get to the target (attached trade pic.)
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