Price Action no indicators

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Price Action no indicators

Postby simjas » Tue Mar 30, 2010 12:08 am

OK here goes my first trading plan live on the eur/usd
this style was shown to me a long time ago and i've had very good results.Please don't trade live with my postings just demo,this is just what i do everyday .....1 trade 3 lots......1st target 20
2nd target 40
3rd target 80
After first target is reached i move rest to break even.

I open my pending buy sell order after 7am London GMT
S/L is around 20-30 pips
I shall post oco and s/l just after 7am
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

Re: Price Action no indicators

Postby simjas » Tue Mar 30, 2010 5:57 am

Morning...
My 1 trade today will be to
OCO Buy 1.3504 s/l 38
sell 1.3458
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

Re: Price Action no indicators

Postby simjas » Tue Mar 30, 2010 6:08 am

Buy kicked in price should retest the 1.3500
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

Re: Price Action no indicators

Postby simjas » Tue Mar 30, 2010 6:18 am

first target met +20 pips
i will not move other 2 lots to break even just yet
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

Re: Price Action no indicators

Postby simjas » Tue Mar 30, 2010 6:34 am

Still waiting on price to come down and retest 1.3500 mark before moving up
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

Re: Price Action no indicators

Postby simjas » Tue Mar 30, 2010 6:46 am

ok moved other 2 lots to break even almost hit 2nd target
Finished for the day now try again tomorrow
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

Re: Price Action no indicators

Postby simjas » Tue Mar 30, 2010 8:17 am

2 lots stopped out break even
maybe try my sell price at 1.3458 once again with 3 lots, lets wait and see
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

Re: Price Action no indicators

Postby simjas » Tue Mar 30, 2010 9:12 am

pin bar has formed on the 4hr candle this gives me some kind of comformation on my price to sell at 1.3458 but not before,
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

Re: Price Action no indicators

Postby simjas » Tue Mar 30, 2010 10:58 am

-20 pips at the moment came very close to my stop
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

Re: Price Action no indicators

Postby simjas » Tue Mar 30, 2010 1:36 pm

At last price has started to move
simjas
 
Posts: 54
Joined: Wed Mar 17, 2010 12:57 pm

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