Eurusd daily trading levels

[prasanna316]

As price passed 1.3206 I took long position @ 1.3209. My Stop Loss is 1.3194 and initial target is 1.3289, I will trail my stop loss. My lot size is 1 mini lot.

Happy trading Day

Price touched SL. Closed trade @ 1.31942. Loss $ 14.8. Cumulative balance $ 1009.5. Waiting to short @1.3201 or 1.3191 whichever comes first.

 

[prasanna316]

Price touched SL. Closed trade @ 1.31942. Loss $ 14.8. Cumulative balance $ 1009.5. Waiting to short @1.3201 or 1.3191 whichever comes first.

Revised my short position. Now I will take short position @ 1.3196 or 1.3187 whichever comes first within 1 hr. As day time frame has broken the support, now I will take only short position based on hourly chart.

 

[prasanna316]

Revised my short position. Now I will take short position @ 1.3196 or 1.3187 whichever comes first within 1 hr. As day time frame has broken the support, now I will take only short position based on hourly chart.

As I have other works to do, I may not be available till tomorrow. Till tomorrow the following positions should be taken
Take short position if price retrace from now to 1.3194 with SL 1.3205 and viceversa. Profit target for short is 1.3177 for long are 1.3207<1.3224<1.3273<1.3289.
Bias is towards short.

 

[prasanna316]

As I have other works to do, I may not be available till tomorrow. Till tomorrow the following positions should be taken
Take short position if price retrace from now to 1.3194 with SL 1.3205 and viceversa. Profit target for short is 1.3177 for long are 1.3207<1.3224<1.3273<1.3289.
Bias is towards short.

Anybody would have taken position as per my recommendation must have booked good profit, i.e. 17 pips as price closed yesterday 1.3170.

Levels for today

Trend: Down
Buy at current level i.e. 1.3162, SL- 1.3142, Target: 1.3184 Risk Reward Ratio: 1:1, as my capital is $1009.5, with a 2% risk appetite I will buy 1 mini lot.

Happy trading Day

Prasanna

 

[prasanna316]

Anybody would have taken position as per my recommendation must have booked good profit, i.e. 17 pips as price closed yesterday 1.3170.

Levels for today

Trend: Down
Buy at current level i.e. 1.3162, SL- 1.3142, Target: 1.3184 Risk Reward Ratio: 1:1, as my capital is $1009.5, with a 2% risk appetite I will buy 1 mini lot.

Happy trading Day

Prasanna

Well pocketed cool 23 pips. My long position was @ 1.31616 and squared off @ 1.31846. Cumulative balance $ 1032.5. No more trades for today.

 

[prasanna316]

Well pocketed cool 23 pips. My long position was @ 1.31616 and squared off @ 1.31846. Cumulative balance $ 1032.5. No more trades for today.

My position and trading levels for 28th Aug 2014

Trend: Down
Short @ 1.3208
SL: 1.3225
1st target: 1.3176 and then trailing stop loss
Risk reward ratio: 1:1.9
My lot size : 0.1 with 2% risk

 

[prasanna316]

My position and trading levels for 28th Aug 2014

Trend: Down
Short @ 1.3208
SL: 1.3225
1st target: 1.3176 and then trailing stop loss







Risk reward ratio: 1:1.9
My lot size : 0.1 with 2% risk

Well friends my sell was @1.3208 and squared off @ 1.3178, with 0.1 lot a cool $ 30 was pocketed. Cumulative balance now $ 1062.5

Levels for 1st Sept 2014

Trend: down
Sell @ 1.3131 and square off @ 1.3123. SL @ 1.3135. Risk to reward ratio 1:2.

Note: As by the time of writing this the price had already touched the levels, hence no trade today. The levels have been given only for the academic purpose

Thanks
Prasanna

 

[abdul2012]

Thank you for the great support .

 

[fxstrategist]

good scalping. interesting. got to be on top of it.

 

[abdul2012]

The eurusd is close to 1.3100 and i think the trend will go up soon.