happyfxgirl
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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.
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.
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