GBPUSD EURUSD Night 17 Feb 2010

Posted by GBPUSD 100 On 8:02 PM

Morning Trade Review
GBPUSD Breakout for Long enter setup and profit at least 40pips.
Aggressive trade enters setup and profit 30pips before 18:30.
Setup of Breakout for Short is invalid.

EURUSD Breakout for Long setup is failed {no breakout 10~15pips then retrace to break again}, this is false breakout. The experience trader will enter reverse trade to sell.
Setup of Breakout for Short is invalid.
Aggressive trade is fulfilled and profits at least 30-40 pips. Even trader doesn’t close the trade, SL will not hit as well because trader will shift SL to EP after TP is positive 30pips. {just treat like no enter this trade, no earning}
Hundred Pips Executor successfully accomplished mission.


Recommend strategy for tonight: "Sell High" + "Buy Low" by using the least stop loss to earn the most target profit.

GBPUSD - Strategy for Night
Breakout for Long - EP{ 1.5838, wait for retrace and breakout upward again to buy},
SL { 1.5811}, TP1- 1.5943, TP2- 1.5993, TP3- 1.6063}.
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 {1.5761, wait for retrace and breakout downward again to sell},
SL {1.5809}, TP1 - 1.5648, TP2 - 1.5588, TP3 - 1.5528.
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 Night
Breakout for Long - EP{1.3788, wait for retrace and breakout upward again to buy},
SL {1.3751}, TP1- 1.3893, TP2-1.3943, 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 - 1.3608, TP2 - 1.3558, 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 23:15 {GMT +8:00 Singapore}, if the market trends up but failed to break
GBPUSD{1.5838}, EURUSD{1.3788}
Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.

Aggresive trade
GBPUSD near price of “1.5800”,
EURUSD near price of “1.3760”,
When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP. (Make sure the market is no longer go up and reverse first before enter a Short trade.), TP is same as Breakout for Short.
If the trade hits SL, waiting for retrace of 10-20 pips to enter opposite trade – Buy.

Buy Low trader pays attention to the major line of
GBPUSD {1.5650}, EURUSD {1.3630}.
If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.

0 comments

Post a Comment