Tag: forex trading

EUR/USD – Closed Trade +350 PIPS

Posted on by Admin in Forex Trades

The trade lasted about 10 days. That is roughly $3,500 per Standard Lot.

Something to think about though, is how you would manage the trade if you were over-leveraged. The candle highlighted in red was after the entry, and you’d see profits vanishing. What would you do?

If you were in still in the trade would you exit half the position where I closed it in full? Everyone is in a unique situation and we must have some sort of trade plan.

We started with a weekly view so moving up a stop loss based on a much lower time frame probably doesn’t make much sense in general.

Dow short trade – 1 Minute Chart – Early U.S. Session

Posted on by Admin in Index Trades

This trade yielded 189 points. There was a Fibonacci retracement drawn on a longer term time frame.

A short position was taken in anticipation of a trend line break. As happens frequently, price pushed higher after the trendline break, resulting in some sort of false breakout.

At a certain point while the trade was on, I placed a breakeven stop loss. Then I moved it to about +30 points. Then I exited manually. If you zoom out to a 5 minute chart, you’ll notice that price bounced around the area where there was a prior swing high.