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Price Action on the daily USD/SEK

Discussion in 'Forex Trading Systems and Strategies' started by darthnihlus, May 12, 2011.

  1. darthnihlus

    darthnihlus Recruit

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    As you can see from the post count I'm a newb here. I opened up a Oanda practice account last week and have placed 11 so far. My last 5 trades were based using PA and daily pin bars.

    [​IMG]

    At the time of the trade the H/L was 6.3697 and 6.2999. I placed a sell at the 50% retrace (6.3348) with SL at 2/3 of the H/L range. The SL was entered at 6.3465 with a 2:1 RR ratio. That placed the TP at 6.2998. It only took 2.5 hours to make my 0.0350 (entry @6.3348 & TP @6.2998). Is this 350 pips?

    I got SL on my first 2 PA trades. I went long EUR/USD losing 107 pips and short on GBP/ZAR down 213 pips.

    On my last 3, I'm up on:

    GBP/JPY
    sell 5/11 21:06 EST @132.946
    SL @ 133.317
    TP 5/12 4:42 EST @ 131.827

    USD/SEK
    sell 5/12 8:57 EST @ 6.3346
    SL @ 6.3465
    TP 5/12 11:35 EST @ 6.2996

    USD/DKK
    sell 5/12 9:08 EST @ 2586
    SL @ 5.2655
    TP 5/12 11:25 EST @ 5.2383

    How am I doing?
     
  2. Pharaoh

    Pharaoh Colonel

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    Interesting selection of pairs, but if it works for you, then don't listen to any complaints. :D
     
  3. darthnihlus

    darthnihlus Recruit

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    I was just tooling around looking for pin bars to test my price action set ups. The pin bars just happen to appear for these pairs. I will most likely focus on the majors once I am ready to go live.

    Thanks for listening (viewing) and commenting.
     

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