66293662 - Team azmassi (Bravo) Trading majors and Yen pairs
I am in Team azmassi with my partner being azmassi ( Alpha ).
As usual, I will be looking at multiple pairs and my strategy will be the same i.e analysis of candles/ bars & charts with the use of multiple time frame analysis & SR + trendline.
I will be looking to take 1-2 trades per day and the trades will mainly be set & forget type.
Best of luck to every participants out there, may the best team win
Final trading statement for our members' learning purpose:
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Last edited by PhantomTrader79; 03-27-2014 at 04:01 AM.
The reasons behind this trade are very simple:
1) Price repeatedly moved around a trendline channel.
2) Price, after a lot of moving around, hit a good support area around 1.6600 level.
3) Price bounced off the support.
4) The trade was entered.
Price hit the profit target of approx. 100 pips.
50 lot buy GBPUSD
this trade was entered in order to add some position to the already entered trade (above ) after the trade went to some profits.
Didn't put any profit target in this trade and since couldn't be online earlier, missed the chance to close it at a good area or at least lock a proper amount of profits. Anyway, closed the trade at approx. 24 pips.
Since azmassi ( Alpha ) is conservative with his trades, I also went conservative in my trades Decided to stop being aggressive like before since it wouldn't match at all
At last year contest,you are the one from the top trader who give me pressure because our score is so tight.But this time seem you will not be aggressive like always to stay surviving with your partner.I will also to trade more safety from now to not disappoint my partner.Good luck on your trading bro.Hope one day we can enter more contest and be aggressive like we do at our previous contest.
This trade is based on trendline bounce concept except it sounds a bit complicated.
The trendline I am talking about here is the upper line of the down trendline channel. I took my first two trades based on the channel which has already been explained here
Price broke the channel then came back to test the broken channel once, twice, thrice. The third time is when I entered my trade and rode the trend to profits.
buy gbpusd @ 100 lot
Addition to the above trade.
buy gbpusd @150 lot
pending buy stop order which was kept so that if price moved in my direction, I could get some more profits with this addition and this order was triggered after some hours.
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