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Monday 19 April 2010


GJ - entry on bottom of previous week low [4h chart, grey line]. Price firstly ranged just below mentioned level. Then break of bottom of the range was sort of alert to enter [blue ellipse]. I managed to enter @ 141.05.
my TP was 140.55. However it was not triggered I managed to close half with 30 pips profit after I noticed how close to my TP level price just bounced back.
I moved SL for another half 5 pips above entry level, what caused me 5 pips loss on another half.

After this GJ raised 40 pips above marked level, so closing trade with small loss was definitely profitable decision.
I decided to return to my practise of making notes. My new commentaries will differ a bit.

I will mostly post levels where I expect price to turn back for 30 pips and more. I will be making trade decisions simultaneously basing on marked conditions after level was touched. Then I will post all trades I've opened, sometimes with charts and comments.

sometimes I will post interesting setups on daily chart and will describe if trade them.

In nearest future I will submit my trades on myfxbook, so you can study exact levels and times of my trades.

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