Monday, 16 May 2011

EUR/USD Strategy

Some of you might say its getting boring same stuff over and over again. But really its not boring. Doing a simple thing over and over and making pips is the secret. I wont be here for long but these pictures might help some of you. I really do hope that it does.

Today I traded many a times but the following EU trade an EJ from Earlier were my favourites.

EU Late Trade. It does not really matter what the time is as long as the ticks are coming in. Ticks is "Chaos".

you'd be able to see that both had target points set based on TZ 62 and TZ100. I closed EU trade just now only because I am drained. There is divergence, but no yet a clear exit signal.  I hope it helps in our understanding of the way it is to trade. Wish you all many pips.


EU how it looked on M5


It looked like this when I was trying to enter the 2nd position.



EJ
I dont trade EJ on this TF but I was just checking and saw the setup so I just put the pending and the EA do its thing. But I also set a TP.
AO Peaks then turns green that is 3rd and 4th. I put pending and put TP at TZ100 and let the EA do its thing