Hello everyone,
My trade on the EUR/USD (22-01-2007). Not very detailed (no attached charts) as I placed this trade while doing so many things at one go. Hope that my detailed timing along with the post will compliment the absence of my charts to assist you see in your charts :)
Around 5:00pm (Singapore Time) | 9:00am (GMT), I saw Bullish Engulfing plus candle body so strong crossing both the 6ma and 23ma, 6ma is having a steep turn, chasing the 23ma and parabolics switch direction and of course my secret confirmation.
I looked at the market with the little time that I had and I initiated a long position at 5:33pm (Singapore Time) | 9:33am (GMT), at the price line of 1.4459.
My TP was at 1.4500 (41 pips) and SL at 1.4445 (14pips), (Risk):(Reward) = (1):(2.9). Reason being on why I only want to look at 41pips is because of FED's interest rate statement and I won't be around to look at my charts because I have something on at 6:00pm (Singapore Time) | 10:00am (GMT) till about now which is like 1:00am (Singapore Time) | 5:00pm (GMT).
So now, looking at my charts, maaaaaaaaan. Wish I was in front of my screen and able to rip out more of the market :P Hahaha! Anyway, 41pips profit for this trade, no complains :) More opportuinities to come :)
Peace and trade safely everyone...
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