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Thread: 94 pips AUDEUR

  1. #1
    Forex Tips VIP kraiggoff's Avatar
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    94 pips AUDEUR

    Spotted the up ABCD formation. The retracement is a deep C.

    Drew the counter trendline. Although there was not break in the counter trend line, the market was getting ready to go bullish. The stochastic was starting to u-turn and the 2 previous candles were indecision candles indicating the end of the bearish movement.

    I bought the market putting my stop 20 pips below the A.

    As the market moved so did my stop, locking in pips along the way.

    The market broke the bullish trend line and hit my "stop".


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    FX-Joyous (02-06-2012), fx_roms (02-04-2012)

  3. #2
    FX Face's Avatar
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    Awesome Job! It's awesome to see the education paying off! Good luck in future trades!


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  4. #3
    Forex Analyst FX-Pathfinder's Avatar
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    Quote Originally Posted by kraiggoff View Post
    Spotted the up ABCD formation. The retracement is a deep C.

    Drew the counter trendline. Although there was not break in the counter trend line, the market was getting ready to go bullish. The stochastic was starting to u-turn and the 2 previous candles were indecision candles indicating the end of the bearish movement.

    I bought the market putting my stop 20 pips below the A.

    As the market moved so did my stop, locking in pips along the way.

    The market broke the bullish trend line and hit my "stop".
    Way to go Kraiggoff!!! letting the market provide you profit and closing out at the right time to maximize it. Fantastic!!!

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  5. #4
    Forex Tips VIP kraiggoff's Avatar
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    Actually, thank you guys.

    You continuously provide support and education for us traders.


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    FX-Pathfinder (02-13-2012)

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