Thursday, November 18, 2010

GBPUSD 18 November 2010 MT3 07:30 SHORT



Trade setup new high Weekly & Daily level 07:30
Trade entry close below candle setup low
Orders sell market 15937
Sell stop 15952
Target 15853 yesterdays low
Trade exit stop hit
PNL 30 PIPS PROFIT(Correction 26 pips due to slippage)
Daily chart shows daily level 15948 yesterdays high
240 min shows weekly level last weeks low 15950
Renko shows setup & entry
FXMAXMAX bounce on 10 min
FXMAX LONG bounce on 240 min
0% Fib level weekly on daily chart
240 min FXMAXMAX IS flat

2 comments:

  1. VERY CONFUSING!

    Trade setup: new high + Weekly HZ level 07:30
    Yes it will also be a daily HZ level as the week is made of days....
    Trade entry close below candle setup low - RENKO!!!

    ..make it clear on charts - notes on the correct chart... or just write notes seperately here its quicker!!!


    Orders sell market 15937
    Sell stop 15952 WHY?
    Target 15853 yesterdays low
    Trade exit stop hit trailed in
    Profit 26 pips

    COUNTER TREND

    Daily chart shows daily level 15948 yesterdays high WHERE IS IT? WHAT ABOUT IT?

    240 min shows weekly level last weeks low 15950
    WHERE? HOW? WHAT WAS IT USED FOR? SETUP?

    Renko shows setup & entry - But you wrote this on the 10Min - what was it?

    FXMAX MAX bounce on 10 min - OK SO WHAT>
    FXMAX LONG bounce on 240 min - OK SO WHAT?

    0% Fib level weekly on daily chart - PREVIOUS WEEK FIB ( WHERE IS IT ?) if you mention it???? its also on the 60MIN

    240 min FXMAXMAX IS flat - due to you chart compression - it is a strong uptrend - this is a correctiont and pullback to the FXMAX MAX - so yes it will start to flatten with price and trend accumulation around it.

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  2. TRADE SETUP: SELL - 7.30 NEW HIGH + WEEKLY HZ S/R LEVEL + 10MIN FXMAX MAX + 240MIN FXMAX LONG
    TRADE ENTRY: SELL Renko Close < Setup Low
    Orders sell market 1.5937
    Sell stop 15pips @1.5952,6 pips above high 1.5946
    Target 15853 previous daily low
    Trade exit: stop hit trailed in
    after n pips etc.... how did it get there????
    Profit 26 pips
    Risk Reward: 15:26
    COUNTER TREND

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