GBPUSD EURUSD Morning 5 Mar 2010

Posted by GBPUSD 100 On 2:54 PM

Night Trade Review
GBPUSD Breakout for Long failed to enter setup.
Aggressive trade earned a profit more than 30pips.
Breakout for Short earned a profit of 100pips.

EURUSD Breakout for Long and Aggressive trade failed to enter setup.
Breakout for Short earned a profit of 100pips.
Hundred Pips Executor successfully accomplished mission.

After UK and Euro released interest rate last night, the market had totally no responded over the news. Many people asked me should buy or sell, I replied them “Follow the strategy and traded accordingly.” The daily analyze is my skill and effort over many year trading experience.
After US market opened, both EURUSD +GBPUSD were earning more than 200pips.

This morning market will move in narrow range to wait for tonight limelight: NonFarm Payroll. Recommend strategy for this morning: "Sell High"+ "Buy Low" by using the least stop loss to earn the most target profit.

GBPUSD - Strategy for Morning
Breakout for Long - EP{1.5138}, SL {1.5111}, TP- 1.5243.
Breakout for Short - EP {1.5031}, SL {1.5089}, TP – 1.4918

EURUSD - Strategy for Morning[/u]
Breakout for Long - EP{1.3678}, SL {1.3651}, TP- 1.3833.
Breakout for Short - EP {1.3581}, SL {1.3619}, TP- 1.3468

After 17:30 {GMT +8:00 Singapore}, if the market trends up but failed to break
GBPUSD{1.5008}, EURUSD{1.3578}
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 [color=Green]Long[/color] trade, SL is 28 pips away from EP.

Aggresive trader
GBPUSD - EP “1.5090”, TP “1.5040”
EURUSD - EP “1.3650”, TP “1.3610”
When the market is no longer going upward instead it reversed downward, now it is time to enter [color=Blue]Short[/color] trade, SL is 38 pips away from EP.

Buy Low trader pays attention to the major line of
GBPUSD {1.4950 - 1.4900}, EURUSD {1.3450 – 1.3500}.
If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.

2 comments

  1. P.Oink Said,

    nice strategy, keep up your good work. March 2010 is a good start for you, kanbatte!!

    how long have you been trading? have you join any trading group yet?

    P.Oink.

    Posted on March 5, 2010 at 5:49 PM

     
  2. GBPUSD 100 Said,

    I traded almost 2 year as individual. Is your trading group lead you to the profits?

    Posted on March 8, 2010 at 7:35 PM

     

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