happyfxgirl
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GBPUSD EURUSD Night Analyse – 11 March 2010
Morning Trade Review
GBPUSD Long and Aggressive trade failed to enter setup.
Breakout for Short entered but profit is too less {close trade to observe if current price is unable to break the lowest price in 3 hours time}.
EURUSD Breakout for Long, Short and Aggressive trade failed to enter setup.
No winning trade this morning so we will focus on tonight market.
Recommend strategy: "Sell High" + "Buy Low" by using the least stop loss to earn the most target profit.
GBPUSD - Breakout Strategy
Long - EP{1.5128}, SL {1.5091}, TP- 1.5233.
Short - EP {1.5001}, SL {1.5039}, TP – 1.4888
EURUSD - Breakout Strategy
Long - EP{1.3738}, SL {1.3711}, TP- 1.3843.
Short - EP {1.3631}, SL {1.3669}, TP- 1.3528
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{1.5128}, EURUSD{1.3738}
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 “1.5090”,
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 {1.4900 - 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
Morning Trade Review
GBPUSD Long and Aggressive trade failed to enter setup.
Breakout for Short entered but profit is too less {close trade to observe if current price is unable to break the lowest price in 3 hours time}.
EURUSD Breakout for Long, Short and Aggressive trade failed to enter setup.
No winning trade this morning so we will focus on tonight market.
Recommend strategy: "Sell High" + "Buy Low" by using the least stop loss to earn the most target profit.
GBPUSD - Breakout Strategy
Long - EP{1.5128}, SL {1.5091}, TP- 1.5233.
Short - EP {1.5001}, SL {1.5039}, TP – 1.4888
EURUSD - Breakout Strategy
Long - EP{1.3738}, SL {1.3711}, TP- 1.3843.
Short - EP {1.3631}, SL {1.3669}, TP- 1.3528
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{1.5128}, EURUSD{1.3738}
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 “1.5090”,
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 {1.4900 - 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