Night Trade Review
GBPUSD Breakout for Short and Long failed to enter setup.
Aggressive trade entered and gained more than 30pips.
EURUSD Breakout for Long and Aggressive trade failed to enter setup.
Breakout for Short entered and gained more than 30pips.
Buy Low trader pays attention to the major line of EURUSD {1.3650 – 1.3600}.
If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced. Traders can earn profit too.
Hundred Pips Executor successfully accomplished mission.
The Morning Analyse is expected to trade in narrow range from 80 to 120 pips due to FOMC release in later midnight at 2:15am. Most traders preferred to observe the market before the announcement later. Currently market is left with Small and Medium Investment Firms. Remember do not chase after any trade to beware of false breakout created by big organization.
Recommend strategy: "Sell High" + "Buy Low" to trade in the high and low point in the range, keep Take Profit in your pocket is the best way.
GBPUSD - Breakout Strategy
Long - EP{1.5128}, SL {1.5091}, TP - 1.5233
Short - EP {1.5031}, SL {1.5069}, TP – 1.4928
EURUSD - Breakout Strategy
Long - EP{1.3748}, SL {1.3721}, TP- 1.3843.
Short- EP {1.3681}, SL {1.3719}, TP- 1.3568
Take Note:
1. To prevent false breakout, the price must broken through EP at least 10~15 pips and retrace back to EP before enter trade.
2. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite trade.
After 17:30 {GMT +8:00 Singapore} the market trends up but failed to break
GBPUSD{1.5128}, EURUSD{1.3748}
Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.
After 17:30 the market trends down but failed to break Breakout for Short or false breakout
Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.
Aggresive trader
GBPUSD Sell - EP “1.5100”,
EURUSD Sell - EP “1.3720”,
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.
Take Note:
3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
4. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite trade.
Buy Low trader pays attention to the major line of
GBPUSD {1.4950-1.4900}, EURUSD {1.3600 – 1.3550}.
If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.
The operating time:
Morning Analyse - 12.00pm until 18:30pm {GMT +8:00}
Night Analyse - 20:30 to 00:30 (12.30am)
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