Long time no see... yes im alive n still trading, no i didnt give up.. LOL.. Lets get down to business.. Good things must shareee!!!
Was playing my old school Final Fantasy 8, stucked at a quest and realize its 8pm local time... It means news news news...
Abandoned my desktop, power up my laptop n found out that RED news @ 830pm.. Went for a shit, clear my bowel n prepare for glory!!!!
829Pm standing by my laptop, turn down the volume for my Final Fantasy 8.. i can fantasize it later... Lets watch the market... TA DAAAA, EUR/USD downtrend at 1Hr timeframe and results out for 2 USD major news... 1 green 1 red... US Trade Balance = Green and Unemployment = Red.
So the score now is 2 points for USD and 1 point for EUR. USD win... If u r wondering what points im talking about? Let me explain, 1 point for being downtrend in EUR/USD(technical) and 1 point for Green on a major news... That sum up for USD. 1 point for Red in major news, thats for the EUR.
So 2 to 1.. i short on EUR/USD pair, managed to nip in +27pips. Thats Green for me and im a happy man... Not saying that the way i trade with the above method is correct, but i hope it makes u think. Well, if i stayed longer i could have hit about +40pips, but like i said, im not totally confident with this system as well... My settings is like SL20 TP 30 Breakeven 20.(pips)
I shall try more of these, its exciting...
PS : - The above image shows my entry in Green and exit in Red, is just a rough gauge.. Sorry i was lazy to go pinpoint the exact pricing i went in... I just wanna show that it is in downtrend according to technical analyse i've performed.