This blog records my ongoing investment activities 'buying consistently in different companies regardless of market conditions at different times' and my index futures and forex trading activities
Friday, April 29, 2016
Successful: Long EURUSD
This one looks like a classic setup.There was a move on the uptrend and we have to wait patiently for it to come down to our area then set a buy limit for it to hit it and then exit when its 11pm.
Trading Plan:
1. Trade with the trend
2. Trade when there is a price action reversal with the trend continuation
3. Place SL on previous high/low candle (Limit my loss)
4. No TP. Let market decide when to exit (Let my profit run)
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