"Take Risks: If you win, you will be happy; if you lose, you will be wise. Nothing ventured, nothing gained."

Wednesday, March 10, 2010

9 Mar, Eur/Usd - Swing Trading

I fall back on the way i swing trade profitably the last time. I hope to let it run, and not meddle with it. i will learn to scalp when i dont need to do my school assignments.

Session: Sell Stop hit during Asian session.
Duration: 6 hours 40 minutes.
Timeframe: Hourly, Daily.
Technical: Fibo, Bollinger.
Fundamental: Nil.
Strategy: Put a sell stop below support off Hourly chart, which is also below mid bollinger in Daily chart.

First entry closed at +47 pips.

Second entry to run, with stop/loss at b/e.


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