Night Trade Review
GBPUSD Breakout for Short enter setup and profit more above 50pips.
Setup of Breakout for Long is valid but over effective time.
Aggresive trade setup is failed.
EURUSD Breakout for Short setup is failed {breakout less than 10~15pips then retrace to break again }
Setup of Breakout for Long is valid and profits more than 50pips
Aggresive trade setup is fulfilled, but it very few pips or no win no lose {if EURUSD cannot break the lowest price after 3 hour, trader should close the trade near EP to observe the market direction before further action}
Hundred Pips Executer successfully accomplished mission.
Recommend strategy for this morning: "Buy Low" + "Sell High" by using the least stop loss to earn the most target profit.
GBPUSD - Strategy for Morning
Breakout for Long - EP{1.5768, wait for retrace and breakout upward again to buy},
SL {1.5731}, TP1- 1.5873, TP2- 1.5933, TP3- 1.5993}.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell. The strategy is same as Breakout for Short.
Breakout for Short - EP {1.5731, wait for retrace and breakout downward again to sell},
SL {1.5759}, TP1 - 1.5628, TP2 - 1.5578, TP3 - 1.5518.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – buy, the strategy is same as Breakout for Long.
EURUSD - Recommended strategy for Morning
Breakout for Long - EP{1.3768, wait for retrace and breakout upward again to buy},
SL {1.3731}, TP1- 1.3883, TP2-1.3933, TP3- 1.3993}.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell. The strategy is same as Breakout for Short.
Breakout for Short - EP {1.3721, wait for retrace and breakout downward again to sell},
SL {1.3759}, TP1 - 1.3618, TP2 - 1.3568, TP3 - 1.3508.
If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – buy, the strategy is same as Breakout for Long.
After 17:30 {GMT +8:00 Singapore}, if the market trends down but failed to break
GBPUSD{1.5740}, EURUSD{1.3740}
Waiting for the direction to reverse and trends up before enter a Long trade, SL is EP of breakout for Short.
If the trade hits SL, waiting for retrace of 10-20 pips to enter opposite trade –breakout for Short.
Aggresive trader who dare to enter opposite trade after hit SL.
GBPUSD near price of “1.5740”,
EURUSD near price of “1.3670”,
When the market is no longer going downward instead it reversed upward, now it is time to enter Long trade, SL is same as EP of Breakout for Short. (Make sure the market is no longer go down and reverse first before enter a Long trade.), TP is same as Breakout for Long.
If the trade hits SL, waiting for retrace of 10-20 pips to enter opposite trade – Sell.
Sell High trader pays attention to the major line of
GBPUSD {1.5800.1.5850}, EURUSD {1.3800.3850}.
If the price is unable to breakout, enter Short trade with SL of 10-20, take profit after market retraces.
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