As EURUSD gave me the signal first so I jumped in. It was a double top and by the ABCD pattern, this is an easy trade. So we are selling C, and maybe we could buy D on Monday
Result: 60pips and 90pips (net 75pips)
Saturday, November 21, 2009
2009-11-20 EURUSD Live Trade
Couldn't put this up in time as I need to prepare for a class this evening. Anyway, realized I should not have get out of my GBPUSD trade, forgot the big picture after a nap... hahaha...
As EURUSD gave me the signal first so I jumped in. It was a double top and by the ABCD pattern, this is an easy trade. So we are selling C, and maybe we could buy D on Monday
Result: 60pips and 90pips (net 75pips)
As EURUSD gave me the signal first so I jumped in. It was a double top and by the ABCD pattern, this is an easy trade. So we are selling C, and maybe we could buy D on Monday
Result: 60pips and 90pips (net 75pips)
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6 comments:
Cool trade. picture on EUR/USD is clearer than GBP/USD. How do u deal with the potential win of 200Pips u could have won if u had not close ur GBP/USD trade ? I was kicking myself for hving no guts to short GBP/USD cos European stock markets was still positive...haiz
BTW, wat course r u conducting ? Course fees ?
Cheers
Climen(B16)
Hi Eric, nice blog. very informative. Hopefully I can learn more from you. i think i am a noob compared to you, judging from the quality trades you posted.
:/
Forgot to leave my name. I am Guowen. =)
Hi Climen,
Of course there would be the "it's a pity" feeling, but quite easy for me to manage nowadays. I can easily find another entry.
Knowing how price is going to react makes it easier to predict what's coming next.
If you want to know more about my course, email me at forexlye@gmail.com
Hi Guowen,
Thanks for the encouragement. Blogging also help me to improve my trading. Documenting my thoughts and keep the discipline there too.
A serious trader need to find ways to keep his path on track.
cheers,
Eric
Clasical "bread and butter" trade. Albert (B09)
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