66367068 - INTRADAY TRADE STYLE INCORPORATING S&R WITH CHART TRENDS
The strategy i am going to use is real simple and straight. I use support and resistance levels, check trend patterns on naked chart, i use pending others also in this contest. I hope to meet you guys at the top.
I placed a trade for yen @entry price 103.13 -tp(103.35), sl(102.93) using instant order and watching the chart which is just retracing back to the upward trend, you will find a support line in areas 102.93 and resistance above 103.34. In this trade i used risk reward ratio 1:1 with a lot size of 1 and i also ensure that i do not risk more than 1% of my capital maximally in any single trade.
Are you watching the rules mate? 10lots total value...there's still lots of opportunities....thats what i believe forex trading is about! Thanks anyway for your concern. Do your due diligence. Cheers
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I have placed pending sell trade for Euro @entry price 1.3786 -tp(1.3685), sl(1.3818). I draw trend lines to connect the highs and lows of the trend for a period of time, you will find a support line in areas 1.3672 and resistance around 1.3818. In this trade i used risk reward ratio 1:3 with a lot size of 1 and i also ensure that i do not risk more than 1% of my capital maximally in any single trade. Order No: 832035804
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I have placed pending sell trade for Cable @entry price 1.6557 -tp(1.6517), sl(1.6577). Prices may likely resume downward trend to complete the cycle and at price 1.6557 seems to be a pivotal point of trade and beyond this is a southward trend continues to support levels of 1.6517. In this trade i used risk reward ratio 1:2 with a lot size of 1 and i also ensure that i do not risk more than 1% of my capital maximally in any single trade. Order No: 832010717
Opened a yen position earlier today following the chart trend with order number 832022297 bought @ price 103.13, tp (103.43), sl(102.69) later closed my yen position @ price 103.03 loss. It is one of my strategies to cut off losers fast so that it will not affect my account.
---------- Post added at 10:04 PM ---------- Previous post was at 10:01 PM ----------
Opened lots of pending NZDUSD sell positions a while ago,
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