happyfxgirl
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GBPUSD EURUSD Night Analyse – 23 March 2010
GBPUSD EURUSD Night Analyse – 23 March 2010
Morning Trade Review
GBPUSD EURUSD Breakout for Long and Aggressive trade failed to enter setup.
Both currency pairs entered Breakout for Short and Total profit is around 80pips.
Recommend strategy: "Buy Low" + "Sell High" by using the least stop loss to earn the most target profit.
GBPUSD - Breakout Strategy
Long - EP{1.4988}, SL {1.4951}, TP- 1.5093.
Short - EP {1.49211}, SL {1.4949}, TP – 1.4808
EURUSD - Breakout Strategy
Long - EP{1.3508}, SL {1.3571}, TP- 1.3623.
Short - EP {1.3431}, SL {1.3459}, TP- 1.3328
After 23:30 {GMT +8:00 Singapore} the market trends up but failed to break
GBPUSD{1.4988}, EURUSD{1.3508}
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 “1.4940”,
EURUSD Sell - EP “1.3450”,
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 {1.5150 - 1.5200}, EURUSD {1.3600 – 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.
GBPUSD EURUSD Night Analyse – 23 March 2010
Morning Trade Review
GBPUSD EURUSD Breakout for Long and Aggressive trade failed to enter setup.
Both currency pairs entered Breakout for Short and Total profit is around 80pips.
Recommend strategy: "Buy Low" + "Sell High" by using the least stop loss to earn the most target profit.
GBPUSD - Breakout Strategy
Long - EP{1.4988}, SL {1.4951}, TP- 1.5093.
Short - EP {1.49211}, SL {1.4949}, TP – 1.4808
EURUSD - Breakout Strategy
Long - EP{1.3508}, SL {1.3571}, TP- 1.3623.
Short - EP {1.3431}, SL {1.3459}, TP- 1.3328
After 23:30 {GMT +8:00 Singapore} the market trends up but failed to break
GBPUSD{1.4988}, EURUSD{1.3508}
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 “1.4940”,
EURUSD Sell - EP “1.3450”,
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 {1.5150 - 1.5200}, EURUSD {1.3600 – 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.