Euro Dollar pair had caught my eye on this setup. I have been waiting for 11 days for it and there, we have caught some pips. It was shaky trade but in the end made a couple of pips. Waited for the breakout to the bottom and Euro Dollar went to my favour.
I considerate this trade was a triple top trade, and if you zoom into 1 hour timeframe you could see it much more clearer. Price went up there and goes stagnant when it reaches 1.3800. And it is actually now ranging between 1.3800-1.3700. I'd like to post 1hour and 4hour timeframe forex chart for my Euro Dollar pair for us to see. A picture tells a thousand words.
Chart:
Pound Sterling Dollar pair:
On the other pair I trade, which is Pound Sterling Dollar, haven't given me any signal to take any trade. Therefore there is no reason for me to get an eye on Pound Sterling Dollar forex pair during this time.
As a conclusion of this post, there will be chances given by the market and you have to take them when all the criteria are met. Your experience, skills and mental are always in use whenever you wanted to take trade(s). Remember, practice makes perfect. Do your homework, rehearse your mental behaviour, and apply them on the forex market. Remember there is no easy money on this forex market, you have to master the skills and as time passes by, trading will be fun!
4 comments:
experts in the field of forex y?
What do you see for the nation's economy Indonesia?
Hello Adit,
I've traded the forex market for several years now. I majorly trade on pairs know which are Euro Dollar and Pound Sterling Dollar. I cannot consider myself an expert because there are still lots of people out there that knows how to trade better than me.
I trade the forex market mechanically, consequently, I do not have a wide knowledge of fundies. As for your question I am sorry I cannot answer it unless they are mechanical question.
I've tried to find a broker that feeds US Dollar against Indonesian Rupiah to get a related answer for you, nevertheless I couldn't find a broker which does.
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