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GBPUSD EURUSD Morning Analyse - 5 Mar 2010

Discussion in 'Market Predictions and Reports' started by happyfxgirl, Mar 5, 2010.

  1. happyfxgirl

    happyfxgirl Recruit

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    GBPUSD EURUSD Morning Analyse – 5 March 2010

    Night Trade Review
    GBPUSD Breakout for Long failed to enter setup.
    Aggressive trade earned a profit more than 30pips.
    Breakout for Short earned a profit of 100pips.

    EURUSD Breakout for Long and Aggressive trade failed to enter setup.
    Breakout for Short earned a profit of 100pips.
    Hundred Pips Executor successfully accomplished mission.


    After UK and Euro released interest rate last night, the market had totally no responded over the news. Many people asked me should buy or sell, I replied them “Follow the strategy and traded accordingly.” The daily analyze is my skill and effort over many year trading experience.
    After US market opened, both EURUSD +GBPUSD were earning more than 200pips.

    This morning market will move in narrow range to wait for tonight limelight: NonFarm Payroll. Recommend strategy for this morning: "Sell High"+ "Buy Low" by using the least stop loss to earn the most target profit.

    GBPUSD - Strategy for Morning
    Breakout for Long - EP{1.5138}, SL {1.5111}, TP- 1.5243.
    Breakout for Short - EP {1.5031}, SL {1.5089}, TP – 1.4918

    EURUSD - Strategy for Morning
    Breakout for Long - EP{1.3678}, SL {1.3651}, TP- 1.3833.
    Breakout for Short - EP {1.3581}, SL {1.3619}, TP- 1.3468

    After 17:30 {GMT +8:00 Singapore}, if the market trends up but failed to break
    GBPUSD{1.5008}, EURUSD{1.3578}
    Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.

    After 17:30, the market trends down but failed to break Breakout for Short or false breakout
    Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.

    Aggresive trader
    GBPUSD - EP “1.5090”, TP “1.5040”
    EURUSD - EP “1.3650”, TP “1.3610”
    When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP.

    Buy Low trader pays attention to the major line of
    GBPUSD {1.4950 - 1.4900}, EURUSD {1.3450 – 1.3500}.
    If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.

    MSN: happyfxgirl@hotmail.com
    Blog: gbpusd100.blogspot.com

    Take Note:
    1. Breakout for Short and Long: To prevent false breakout, the price must breakout at least 10~15 pips and retrace back the EP before we can buy or sell.
    2. If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell
    3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
    4. The preference to enter market: “Aggressive trader” strategy will be the first choice, breakout for Long/Short will be second choice.
     
    #1 happyfxgirl, Mar 5, 2010
    Last edited: Mar 5, 2010
  2. happyfxgirl

    happyfxgirl Recruit

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    GBPUSD EURUSD Night Analyse – 5 March 2010

    Morning Trade Review
    GBPUSD Breakout for Long and Aggressive trade failed to enter setup.
    Breakout for Short earned a profit of 20pips.

    EURUSD Breakout for Long and Aggressive trade failed to enter setup.
    Breakout for Short enter with a low profit or no win no lose {current price is unable to break the lowest price in 3 hours time, close trade and observe}.
    Hundred Pips Executor successfully accomplished mission.

    Since tonight is the released of NonFarmPayroll, in order to prevent miss the trade, several type of trade is provided

    For Low Risk Investor:
    GBPUSD - Strategy for Morning
    Breakout for Long - EP{1.5118}, SL {1.5091}, TP- 1.5223.
    Breakout for Short - EP {1.4991}, SL {1.5029}, TP – 1.4868

    EURUSD - Strategy for Morning
    Breakout for Long - EP{1.3668}, SL {1.3641}, TP- 1.3773.
    Breakout for Short - EP {1.3551}, SL {1. 3589}, TP- 1.3438

    For Aggressive Investor:
    GBPUSD Sell - EP “1.5080”, TP1- “1.4968”, TP2- “1.4908”, SL”1.5123”
    EURUSD Sell - EP “1.3630”, TP1-“1.3618”, TP2-”1.3558”, SL “1.3673”
    When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade.

    Buy Low and - TP for 50-80pips.
    GBPUSD {1.4850 - 1.4800}, EURUSD {1.3450 – 1.3400}.
    Sell High trader– TP for 50-80pips.
    GBPUSD {1.5350, EURUSD {1.3800}.

    Take Note:
    1. Breakout for Short and Long: To prevent false breakout, the price must breakout at least 10~15 pips and retrace back the EP before we can buy or sell.
    2. If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell
    3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
    4. The preference to enter market: “Aggressive trader” strategy will be the first choice, breakout for Long/Short will be second choice.
     
  3. pipraider global

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    The US NFP and Unemployment Rate Results, Is the US Job Market Improving?

    Friday Release Forecast Previous Consensus
    8.30am Non- Farm Payrolls >-80K -20K -65K
    Unemployment Rate 9.5% 9.7% 9.8%
    Average Hourly Earnings +0.2% +0.2% +0.2%
    Weather Impact on February NFP is most likely going to be very big because of the severe snowstorms that occurred on Feb 4-6 and Feb 9-10 that affected areas that were densely populated during the period of survey. Economists at pipraider.com estimate a worse figure than the consensus of the monthly payroll change (-80k vs. -20k in January), although we have an inclination to believe the figure might be significantly greater than -80k and might probably read above -120k. However traders should beware of the conflicting risk posed by the Unemployment rate figure which is tended to decline.
    During major snowstorms in the past, the number of “weather workers” (those individuals who were employed but did not work due to inclement weather) has shown significant increases. In recent history, the last major weather events occurred in February 2007 (505k), January 1996 (1846k) and February 1994 (536k). In each of these snowstorms, the subsequent print on nonfarm payrolls was notably below the three-month trend leading up to the event by roughly 100k. We are inclined to believe the fallout from the latest storm bears the closest resemblance to the events of 1996. Subsequently, nonfarm payrolls were originally reported to be down 201k in January 1996. The following month then showed a massive 705k increase. Barring the weather impact, we would have forecast payrolls in the vicinity of +85k. In light of this distortion, we will pay closer attention to other series that are less likely to be influenced by the weather, such as the unemployment rate. This is because the household survey was conducted one week after the establishment survey. Based on what we are seeing in short-term unemployment duration, we expect the unemployment rate to fall further in the near term. After peaking at 10.1% in October 2009, it has since moved down to 9.7%. We expect it to decline 0.2% to 9.5% in February. Yesterday’s revisions to the Q4-2009 productivity data support our view that the labor market is posed to improve substantially. Productivity growth was revised higher (6.9% from 6.2% as previously reported) as both the numerator (stronger output) and the denominator (fewer hours worked) contributed to an even more impressive result. The three quarter change in productivity (7.4% AR) has only been matched/exceeded on three occasions since record keeping began. Productivity tends to be mean reverting, so unless demand falters, inadequately-staffed businesses will need to hire additional workers. In fact, we are already seeing evidence of this in the temporary hiring statistics, which have totaled an average gain of +68k per months over the last three months. This series is strongly correlated with permanent hiring, particularly after adjusting for a roughly three month lead.
    Forex Market Research and News Services
     
  4. happyfxgirl

    happyfxgirl Recruit

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    U]GBPUSD EURUSD Morning Analyse – 8 March 2010[/U]

    Last Friday, nonfarm payroll was better than expected, leaving the jobless rate at 9.7 per cent, spurring demand for riskier assets and higher-yielding currencies. Generally all major pairs had pushed up and closed at high point.

    This morning market is traded in narrow range. Beware of false breakout.
    Recommend strategy for this morning: "Sell High"+ "Buy Low" by using the least stop loss to earn the most target profit.

    GBPUSD - Strategy for Morning
    Breakout for Long - EP{1.5248}, SL {1.5221}, TP- 1.5343.
    Breakout for Short - EP {1.5141}, SL {1.5179}, TP – 1.50388

    EURUSD - Strategy for Morning
    Breakout for Long - EP{1.3778}, SL {1.3751}, TP- 1.3893.
    Breakout for Short - EP {1.3651}, SL {1.3689}, TP- 1.3548

    After 17:30 {GMT +8:00 Singapore}, if the market trends up but failed to break
    GBPUSD{1.5008}, EURUSD{1.3578}
    Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.

    After 17:30, the market trends down but failed to break Breakout for Short or false breakout
    Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.

    Aggresive trader
    GBPUSD Sell - EP “1.5248”,
    EURUSD Sell - EP “1.3778”,
    When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP.

    Buy Low trader pays attention to the major line of
    GBPUSD {1.5100 - 1.5050}, EURUSD {1.3600 – 1.3550}.
    If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.

    MSN: happyfxgirl@hotmail.com

    Take Note:
    1. Breakout for Short and Long: To prevent false breakout, the price must breakout at least 10~15 pips and retrace back the EP before we can buy or sell.
    2. If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell
    3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
    4. The preference to enter market: “Aggressive trader” strategy will be the first choice, breakout for Long/Short will be second choice.
     
  5. happyfxgirl

    happyfxgirl Recruit

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    GBPUSD EURUSD Night Analyse – 8 March 2010

    Morning Trade Review
    GBPUSD Breakout for Long, Short and Aggressive trade failed to enter setup.
    When setup of Breakout for Short {1.5141} is accomplished with false breakout, experience trader will enter “Long” and adjust SL to EP to protect capital.
    After 17:30 market trends up but failed to break
    GBPUSD{1.5248}
    Waiting for reversal and trends down before enter Short trade, SL is 28 away from EP. Even the profit is low, but it fulfilled the condition to enter market.

    EURUSD Breakout for Long, Short and Aggressive trade failed to enter setup.
    Same as GBPUSD, After 17:30 market trends up but failed to break EURUSD{1.3778}, enter Short trade and profit.
    Hundred Pips Executor successfully accomplished mission.

    “Today the market is looks peaceful but it is symbol of thunder storm rain is coming”. Beware of false breakout by market maker.
    Recommend strategy for this morning: "Sell High"+ "Buy Low" by using the least stop loss to earn the most target profit.

    GBPUSD - Breakout Strategy
    Long - EP{1.5178}, SL {1.5151}, TP- 1.5283.
    Short - EP {1.5111}, SL {1.5149}, TP – 1.5008

    EURUSD - Breakout Strategy
    Long - EP{1.3698}, SL {1.3671}, TP- 1.3793.
    Short - EP {1.3621}, SL {1.36589}, TP- 1.3528

    After 23:15 {GMT +8:00 Singapore} the market trends up but failed to break
    GBPUSD{1.5198}, EURUSD{1.3698}
    Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.

    After 23:15 the market trends down but failed to break Breakout for Short or false breakout
    Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.

    Aggresive trader
    GBPUSD Sell - EP “1.5160”,
    EURUSD Sell - EP “1.3680”,
    When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP.

    Buy Low trader pays attention to the major line of
    GBPUSD {1.4500 - 1.4950}, EURUSD {1.3550 – 1.3500}.
    If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.

    MSN: happyfxgirl@hotmail.com

    Take Note:
    1. Breakout for Short and Long: To prevent false breakout, the price must breakout at least 10~15 pips and retrace back the EP before we can buy or sell.
    2. If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell
    3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
    4. The preference to enter market: “Aggressive trader” strategy will be the first choice, breakout for Long/Short will be second choice.
     
  6. happyfxgirl

    happyfxgirl Recruit

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    GBPUSD EURUSD Night Analyse – 9 March 2010

    Morning Trade Review
    GBPUSD EURUSD Breakout for Long and Aggressive trade failed to enter setup.
    Both Breakout for Short entered and gained profit at least 100pips.
    Hundred Pips Executor successfully accomplished mission.

    Tonight market will be volatile due to big organization is currently adjusting their position on their hand, the result will be trend up and down, so take profit and run.
    Recommend strategy: "Buy Low" + "Sell High" by using the least stop loss to earn the most target profit.

    GBPUSD - Breakout Strategy
    Long - EP{1.4948}, SL {1.4911}, TP- 1.5053.
    Short - EP {1.4881}, SL {1.4919}, TP – 1.4778

    EURUSD - Breakout Strategy
    Long - EP{1.3578}, SL {1.35471}, TP- 1.3693.
    Short - EP {1.3521}, SL {1.3559}, TP- 1.3408

    After 23:15 {GMT +8:00 Singapore} the market trends up but failed to break
    GBPUSD{1.4948}, EURUSD{1.3578}
    Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.

    (Attention) After 23:15 the market trends down but failed to break Breakout for Short or false breakout
    Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.

    Aggresive trader
    GBPUSD Sell - EP “1.4900”,
    EURUSD Sell - EP “1.3540”,
    When the market is no longer going downward instead it reversed upward, now it is time to enter Long trade, SL is 38 pips away from EP.

    Pay attention to the major line of
    GBPUSD {1.5100 - 1.5050}, EURUSD {1.3700 – 1.3650}.
    If the price is unable to trend upward, enter Short trade with SL of 10-20, take profit 80pips.

    MSN: happyfxgirl@hotmail.com

    Take Note:
    1. Breakout for Short and Long: To prevent false breakout, the price must breakout at least 10~15 pips and retrace back the EP before we can buy or sell.
    2. If hits SL, trader should wait for retrace of 10-20 pips {to play safe, low risk trader waits for retrace and break SL price again} to enter opposite trade – sell
    3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
    4. The preference to enter market: “Aggressive trader” strategy will be the first choice, breakout for Long/Short will be second choice.
     
  7. happyfxgirl

    happyfxgirl Recruit

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    A Guide For The Novice Trader To Reduce Risk And Protect Capital

    When buying a currency pair and the price move up to positive 30 pips, shift Stop Loss to your Entry Price. In this case, no matter what direction does the pair heading, your CAPITAL is safely protected. As consequence, you will earn less or no win no lose when the pair is retraced or reversed. But you will not lose any money and your capital is there.

    While market is consolidated in narrow range, now the pair is profit {Stop Lose is shift to Entry Price, the trade will no lose} but yet hit Target Profit. If the pair cannot break the current high (Long trade) or current low (Short trade) in three hours time, you should close the trade before incur any loss. The longer of range, the higher of chance for market to change direction, it’s not worth to give back the profit.

    When the pair is breakout at critical point (Breakout for Long/Short), waits the price to retrace at least 10-20 pips. Wait for the price to confirm the direction, make sure it is not moving up instead heading down, you can enter Short trade. Long trade is vice versa. The benefit is you can exit the market earlier {capital is reduced} and profit more at least 10-20 pips.

    Short/Long trade is moving in a narrow range, the account is profit but yet hit positive 30 point and the direction of market is coming back near Entry Price. Now close the trade without hesitate to prevent further lose. Wait the market to stable down before decided to enter market again, but the moment now is better than the previous, enter at better EP, SL can be reduced and TP can be more.

    When market is moving in our favor, almost touching TP, we suggest using Trailing Stop Loss to tap profits along the trend. If the strength is strong, you can change TP to TP2 or TP3 or adjust the Trailing Stop Lose {suggest Trailing SL at 30 pips} to take more profit.

    Even I can predict the direction of market around 80-120pips, but there is time I will make mistake too. The market always right, so you should keep your trading style more flexible.

    A good advice for newbie: Don’t keep thinking of how much you want to earn forex, instead think a way to protect your capital. As long there is capital on your hand, there is always tomorrow in forex. Otherwise it’s time to say Goodbye to market.
     
  8. happyfxgirl

    happyfxgirl Recruit

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    GBPUSD EURUSD Morning Analyse – 10 March 2010

    Night Trade Review
    GBPUSD Breakout for Short and Aggressive trade failed to enter setup.
    Breakout for Long profited over 30 pips.
    EURUSD Breakout for Short failed to enter setup.
    Aggressive trade and Breakout for Long entered and profited over 50 pips.
    Overall yesterday morning and night analyze gained above 150 pips.

    This morning the market will more volatile than yesterday because Investment firm is going to enter their position for the weekend market.
    Recommend strategy: "Sell High" + "Buy Low" by using the least stop loss to earn the most target profit.

    GBPUSD - Breakout Strategy
    Long - EP{1.5048}, SL {1.5021}, TP- 1.5143.
    Short - EP {1.4941}, SL {1.4979}, TP – 1.4848

    EURUSD - Breakout Strategy
    Long - EP{1.3648}, SL {1.3611}, TP- 1.3743.
    Short - EP {1.3571}, SL {1.3609}, TP- 1.3458
    Take Note:
    1. To prevent false breakout, the price must broken through EP at least 10~15 pips and retrace back to EP before enter trade.
    2. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite trade.

    After 17:30 {GMT +8:00 Singapore} the market trends up but failed to break
    GBPUSD{1.5048}, EURUSD{1.3648}
    Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.

    After 17:30 the market trends down but failed to break Breakout for Short or false breakout
    Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.

    Aggresive trader
    GBPUSD Sell - EP “1.5020”,
    EURUSD Sell - EP “1.3630”,
    When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP.

    Take Note:
    3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
    4. The preference to enter market: “Aggressive trader” strategy will be the first choice, breakout for Long/Short will be second choice.

    Buy Low trader pays attention to the major line of
    GBPUSD {1.4800 - 1.4850}, EURUSD {1.3500 – 1.3450}.
    If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.

    MSN: happyfxgirl@hotmail.com
    Blog: gbpusd100.blogspot.com
     
  9. happyfxgirl

    happyfxgirl Recruit

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    GBPUSD EURUSD Night Analyse – 10 March 2010

    Morning Trade Review
    GBPUSD Breakout for Long and Aggressive trade failed to enter setup.
    Breakout for Short profited over 50 pips.
    EURUSD Long and Aggressive trade failed to enter setup.
    Breakout for Long entered but profit is less 30 pips to shift SL back to EP {Read A Guide For The Novice Trader To Reduce Risk And Protect Capital}. By 18:30, current open position was -10pips. After apply the rules “How to protect capital” from the guide above, trader can close the trader without losing a cent.

    The market was moved within my analyze. Do bear in mind of above basic rules after enter trade, resolve the different scenario using the appropriate guide provided.
    Recommend strategy: "Sell High" + "Buy Low" by using the least stop loss to earn the most target profit.

    GBPUSD - Breakout Strategy
    Long - EP{1.5028}, SL {1.4991}, TP- 1.5133.
    Short - EP {1.4921}, SL {1.4959}, TP – 1.4818

    EURUSD - Breakout Strategy
    Long - EP{1.3668}, SL {1.3641}, TP- 1.3763.
    Short - EP {1.3601}, SL {1.3639}, TP- 1.3508
    Take Note:
    1. To prevent false breakout, the price must broken through EP at least 10~15 pips and retrace back to EP before enter trade.
    2. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite trade.

    After 23:15 {GMT +8:00 Singapore} the market trends up but failed to break
    GBPUSD{1.5028}, EURUSD{1.3668}
    Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.

    After 23:15 the market trends down but failed to break Breakout for Short or false breakout
    Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.

    Aggresive trader
    GBPUSD Sell - EP “1.4980”,
    EURUSD Sell - EP “1.3650”,
    When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP.

    Take Note:
    3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
    4. The preference to enter market: “Aggressive trader” strategy will be the first choice, breakout for Long/Short will be second choice.

    Buy Low trader pays attention to the major line of
    GBPUSD {1.4800 - 1.4850}, EURUSD {1.3550 – 1.3500}.
    If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.
     
  10. happyfxgirl

    happyfxgirl Recruit

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    GBPUSD EURUSD Morning Analyse – 11 March 2010

    Night Trade Review
    GBPUSD Breakout for Short and Long failed to enter setup.
    Aggressive trade entered and gained more than 50pips. Next the price trend down but failed to break through Breakout for Short. The market reversed to shoot up, experienced trader will close the Short (Aggressive trade) to enter Long trade {SL is 28pips from EP}. But the trade is over effective time of Night analyse. The method is fit with experience and US Europe trader instead of Novice trader (low risk trader).

    EURUSD Breakout for Long {1.3668} invalid, no retrace after price capped at the high of 1.3679}. This is belong to false breakout.
    Breakout for Short failed to enter setup.
    Aggressive trade {1.3668} fulfilled. As the price is breakout of 1.3650, the pair is trend up without any sign of retracing, proven as false breakout. When the price fell back to EP, Short trade entered with profited over 50 pips.
    Overall yesterday morning and night analyze gained above 150 pips.


    This morning the market will more volatile than start and mid of week because Investment firm will open and close position on hand. As market marker, they will confuse the investor by hidden their true color below.
    Recommend strategy: "Sell High" + "Buy Low" by using the least stop loss to earn the most target profit.

    GBPUSD - Breakout Strategy
    Long - EP{1.5048}, SL {1.5021}, TP- 1.5143
    Short - EP {1.4931}, SL {1.4969}, TP – 1.4818

    EURUSD - Breakout Strategy
    Long - EP{1.3728}, SL {1.3691}, TP- 1.3843.
    Short - EP {1.3611}, SL {1.3649}, TP- 1.3508
    Take Note:
    1. To prevent false breakout, the price must broken through EP at least 10~15 pips and retrace back to EP before enter trade.
    2. If hits SL, wait for retracement of 10-20 pips {low risk trader waits for retrace and break SL price again} to enter opposite trade.

    After 17:30 {GMT +8:00 Singapore} the market trends up but failed to break
    GBPUSD{1.5048}, EURUSD{1.3728}
    Waiting for the direction to reverse and trends down before enter a Short trade, SL is 28 pips away from EP.

    After 17:30 the market trends down but failed to break Breakout for Short or false breakout
    Waiting for the direction to reverse and trends up before enter a Long trade, SL is 28 pips away from EP.

    Aggresive trader
    GBPUSD Sell - EP “1.5020”,
    EURUSD Sell - EP “1.3700”,
    When the market is no longer going upward instead it reversed downward, now it is time to enter Short trade, SL is 38 pips away from EP.

    Take Note:
    3. Aggressive trader: As long the condition for entry is fulfilled, EP can be plus or minus 20 pips
    4. The preference to enter market: “Aggressive trader” strategy will be the first choice, breakout for Long/Short will be second choice.

    Buy Low trader pays attention to the major line of
    GBPUSD {1.4800 - 1.4850}, EURUSD {1.3500 – 1.3450}.
    If the price is unable to breakout, enter Long trade with SL of 10-20, take profit after price retraced.

    MSN: happyfxgirl@hotmail.com
     

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