My Forex Box Trades

Quote from Trading4Living:

I don't risk more than 75 pips first target is 100 pips
More...

Glad to see that you adjusted your risk/reward.

What are your other targets?
 
Quote from Trading4Living:

I don't risk more than 75 pips first target is 100 pips
More...

Are you placing your stops based on swing highs/lows, volatility or just a fixed pip amount?
 
Hi

I just posted my new screen shot on my blog. PM me if you don't have the URL

3 longs this week 2 winners and 1 closed at BE.. Didn't trade after the FOMC market never retraced to my EMA 50 so I stayed out.

200 pips for the week!

Becks!
 
Becky:

I read your set up as follows:

Setup:

(1hr chart)

EMA pairs of 5 and 2 (5 in red color - 2 in black color)
EMA 50
stochastics at standard settings 8,3,3 (mainly for divergence)

That's all

I go short when price is below EMA 50 and when the red ema goes below
the black ema
------------------------------

EMA 50
EMA 5 RED
EMA 2 BLACK

Price below EMA 50 and EMA 2 below EMA 5 makes sense for a short

However:

Price below EMA 50 and EMA 5 (RED) below EMA 2 (BLACK) does not make sense for a short simple because when EMA 5 is below EMA 2 PRICES ARE MOVING UP!

Am I missing something?

I mean to be constructive.

Sincerely
10 PIPS
 
That was an average week for me only 2 trades for a 100 pips each.. I just posted the screen shots on my blog.

I hope you guys survived the crazy spikes that we all saw this week that's why I don't trade 30mins before and after news
 
Here is my EUR/USD trade today:

Short @ 1.3504
Closed the trade @ 1.3454

Earned 50 pips today and I am done
for the rest of the day.. see you guys tomorrow.
 
EUR/USD 150 pips earned today:

Short @ 1.3337

First Target Reached at: 1.3287 (50 pips)
Second Target: 1.3237 (100 pips)

Happy trading everyone!

Becky
 
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