Wednesday, 21 August 2013

An Update to my 20 DTFL Trades Summary

Trade 2


OK, the entry from the lows was text book though the confirming candle didn't give enough of a pullball to within 15 pips. What we had was a breakout to the high, then a stop run to the low, a morning star rejecting it, then boom.

At the top we have 3 stop runs at a key level, there was the smallest of confirming entries down and the next candle gave a solid pullback to the level. - The only thing against it was a reversal trade should move at least 90 pips - this moved about 50.


OK, price reversed nicely but found support at the 55EMA, it was 12.00 London at this time so that may of been a decent time to get out, though trading strict DTFL, SL was setup to BE at NY open and I was stopped out at Break even.

So after 2 Trades I am +40 pips, +2R



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