Thursday, May 1, 2014

Forex Trade Example (1 May 14)

It's labour day! Markets were not very active, nevertheless, I still managed to pick out one trade to profit 5.1 pips in 2 hours using a 15 min chart.

Disclaimer:  This is purely for sharing purpose only, not a trading advice or instruction.


Trade: Buy on gradual uptrend pullback, after big green bar confirmation. Auto take profit just below previous high @ 5.1 pips.
Review: Obvious trend. Patient to wait for confirmation and lower price before taking position. Quick take profit within 10 bars. Good trade.

One trade is good enough for labour day. After all, it's meant to be a break from work.

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